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Long Line Candle

Patterns pattern candlestick classic

A candle with an unusually long body.

Usage

Indicates strong momentum in the direction of the candle.

Background

Candlestick patterns were popularized in the West by Steve Nison in his 1991 book 'Japanese Candlestick Charting Techniques'. These patterns provide a visual representation of market psychology and the balance of power between buyers and sellers at key price levels.

Formula

\text{Pattern Recognition Logic (TA-Lib Internal)}

Source