Shade

A Shade is part of a Japanese candle which indicates the distance to the body of the candle from its minimum or maximum price. A shade is an important element of technical analysis since it can indicate whether the market has reached a peak (long upwards shade) or, conversely, a trough (long downward shade). Correspondingly, a shade can be bearish or bullish.

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  • Tuesday, December 15, 2015
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