Define: Long Shadow

Business, Legal & Accounting Glossary

Definition: Long Shadow



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Full Definition of Long Shadow


Long Shadow candlesticks have one long shadow and one short shadow. If the Long Shadow is the upper shadow then buyers dominated during the first part of the session bidding prices higher. Then the buying activity stalled and the price retreated.

This pattern is often referred to as a Tall Shadow. Conversely, if the Long Shadow is the lower shadow then sellers dominated during the first part of the session driving prices lower. Then the selling activity stalled and the stock price recovered. This pattern is often referred to as a Long Tail.

A Long Shadow candlestick with a tall shadow indicates resistance near the high price. Conversely, a Long Shadow candlestick with a long tail indicates support near the low price.


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Long Shadow. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/long-shadow/

Definition Sources


Definitions for Long Shadow are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd March, 2020