#MarketTurbulence The shadow (or wick in Japanese candlesticks) is the thin part extending above or below the body of the candle.
🔹 What the candle's shadow represents:
Upper wick: shows the highest price the market reached during the candle period, but it couldn't close at that price.
Lower wick: shows the lowest price the market reached during the same period, but it couldn't stay at that price and closed above it.
🔹 What this means in trading:
The length of the wick reflects the strength of price rejection.
Long upper wick = buyers pushed the price up but sellers overcame them and brought the price down.
Long lower wick = sellers pushed the price down but buyers intervened and raised it again.
If the body is small and the wicks are long → a signal for a potential reversal or weakness in the current trend.
📌 Example:
A candle with long lower wicks often indicates strong support.
A candle with long upper wicks may indicate strong resistance.
