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Long shadow and Marubozo are single candlesticks which carry important trading information. Long shadows, as the name suggests, are candlesticks which have long shadows, which extend to the highest and lowest price of the day. They usually have small real-body which indicates opening and closing prices.

A long-shadow candlestick with long upper shadow and small lower shadow (or whose real-body is close to its bottom) indicates that buyers have dominated the day. A long-shadow candlestick with small upper shadow and long lower shadow (or whose real-body is close to its top) indicates that the sellers have dominated the day. The color of the long-shadow candlestick is not so important, but will be better reliable if it is black (bearish or colored) on a seller dominated day and white (clear or bullish) on a buyer dominated day.

Marubozo, which means bald or shaven head, is a candlestick with no/very small shadow; showing that no price movement occurred outside opening and closing prices. Marubozo can be bullish or bearish. On a bullish marubozo day, the opening price will be the lowest price and closing price will be the highest of the day indicating that traders are more willing to buy than sell. On a bearish marubozo day, the opening price will be the highest price and closing price will be the lowest of the day indicating that traders are more willing to sell.

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