Sep 20, 2024
The long tail down indicates strong supply from higher levels. At the higher level, it is regarded as a long tail down if there are 20 or mo
"Identifying and Trading the Long Tail Down Pattern: A Comprehensive Guide to Market Trends"
The Long Tail Down pattern in technical analysis signals a potential reversal or slowdown of a downtrend. It features a long lower wick, indicating strong buying pressure after significant selling. This suggests bulls may be gaining control, pushing prices upward.
