Forex Candlesticks Candlestick Shadows

• Shadows also called wicks, represent the high and the low of the candle or price extremes.
• Candle shadows become more important at support / resistance levels.
• For the Japanese,  the action comprised between the open and the close is the most essential.
• The real body is the price action between the open and the close.
• The shadow on the top is called the hair and on the bottom the tail.
• A candle without shadows is called a Shaved candle  or Marubozu.
• Long shadows imply indecision, possible reversal.
• A long lower shadow shows strength or buying pressure (Hammer, Dragonfly Doji).
• A long upper shadow shows weakness or selling pressure (Shooting Star, Gravestone Doji). 

Gold chart with candle shadows @ horizontal price levels.