Business, Legal & Accounting Glossary
A Long Day is a candlestick with a long real body, relative to other candlesticks on a stock chart.
A Long Day candlestick represents a large price move from open to close, where the length of the candle body is long.
The Long Day candlestick can occur in a number of different contexts and by itself, it only indicates that the time frame was neither bullish or bearish and had a small range. Therefore, the Long Day is not generally used as a trade signal. The Long Day is often part of a larger candlestick pattern, in which case it has more relevance.
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This glossary post was last updated: 22nd March, 2020 | 0 Views.