The High Wave (High Wave) is a candle with a small body and two very long shadows (longer than an ordinary spinning top). It reflects intense volatility and deep confusion, as the market temporarily loses its compass after a clear trend.
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PATTERN ID
SignalNeutral ◆
Reliability★★★☆☆
Win Rate52%
Expected moveVariable
TimeframeAll timeframes
ConfirmationRequired
The short answer
What is a High Wave candle?
The High Wave (High Wave) is a candle with a small body and two very long shadows (longer than an ordinary spinning top). It reflects intense volatility and deep confusion, as the market temporarily loses its compass after a clear trend.
How do you recognize a High Wave candle?
A small body (but larger than a doji), two very long upper and lower shadows, appearing after a strong, extended move.
Is the High Wave candle a bullish or bearish signal?
It belongs to the indecision / volatility patterns, is made of a single candle, and confirmation is required. Its reference success rate is 52%. You can spot it yourself on live daily candles for any symbol in the members' technical terminal. Open the technical terminal →
Pattern illustration
A small body and two very long shadows: volatility and confusion
How to identify the pattern
Step-by-step checks
Small body (but larger than a doji)
Very long upper and lower shadows
Appears after a strong, extended move
Body color is secondary
Trading psychology
The power struggle between buyers and sellers
Violent volatility pushes price far in both directions with no one deciding it. It points to lost conviction and scattered participants. It often comes before a slowdown or a reversal of the previous trend.
Outlook and confirmation
Entry conditions and expected price move
Needs confirmation in the next session
A warning that the current trend is weakening, not a signal of a new direction. Tighten risk management and wait for confirmation of a breakout.
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