The Long Upper Shadow (Long Upper Shadow) is a candle with a long upper shadow, a small body near the bottom and a tiny lower shadow. It shows the market rejecting high prices: the price rose, then was pushed back down hard. A bearish lean that strengthens near resistance.
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PATTERN ID
SignalNeutral ◆
Reliability★★★☆☆
Win Rate54%
Expected moveVariable
TimeframeAll timeframes
ConfirmationRequired
The short answer
What is a Long Upper Shadow candle?
The Long Upper Shadow (Long Upper Shadow) is a candle with a long upper shadow, a small body near the bottom and a tiny lower shadow. It shows the market rejecting high prices: the price rose, then was pushed back down hard. A bearish lean that strengthens near resistance.
How do you recognize a Long Upper Shadow candle?
A long upper shadow (at least twice the body), a small body in the lower third of the range, and a short or missing lower shadow.
Is the Long Upper Shadow candle bullish or bearish?
A hesitation / upper rejection pattern made of a single candle. Confirmation: required. Reference success rate 54%. You can spot it yourself on live daily candles for any symbol in the members' technical terminal. Open the technical terminal →
Pattern illustration
A long upper shadow and a small body at the bottom: rejection of high prices
How to identify the pattern
Step-by-step checks
A long upper shadow (at least twice the body)
A small body in the lower third of the range
A short or missing lower shadow
Most meaningful near a resistance level
Trading psychology
The power struggle between buyers and sellers
Buyers pushed the price up during the session, but sellers firmly turned it back before the close. The failed test of the high shows weak demand at that level and hints at a bearish lean.
Outlook and confirmation
Entry conditions and expected price move
Needs confirmation in the next session
A bearish lean that needs confirmation from a following down candle, especially at resistance. A stop above the shadow's high.
After each session closes, we classify the daily candle of SPY by its shape. When it takes this shape, its name appears there along with its body and shadow ratios.
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