The size of the candlestick, the length of its shadows, positioning on the chart forex ebook reviews a trader clues about market behavior. The size of the candlestick tells how strong buying or selling pressure is.
The upper shadow shows activity of buyers towards pushing the price up. The lower shadow represents sellers’ activity towards pulling the price down. Long shadows occur during high activity coming from both sides — sellers and buyers — as they try to turn the price into their direction. A candlestick that posses a small or no body and at the same time has small shadows indicates indecisiveness between buyers and sellers and a very little trading — a weak, slow trading market. Now it is time to introduce different candlestick formations that traders closely watch for while analyzing a chart.
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