A Probe Versus A ShadowA Probe Versus A Shadow
The candlestick shadow refers to the upper and lower thin lines of the candlestick body. A lot of that has been written already by others, so in this article, I like to mention just a few differences between a probe versus a shadow.
A market probe is a measurement tool. A market probe checks the sentiment of the bulls compared to the sentiment of the bears. A bull probe is when the bulls test a new higher price level, and a bear probe is when the bears test a lower price level. I think a shadow is a possible price reversal, and a probe is when the price explores a new price and may advance further in the same direction.
Is that a shadow or a probe? Let save that for another discussion. To answer that question, it will require a more in-depth market analysis of the immediate market conditions and ultimately the outcome depends on the market decision.
Thank you for reading! Please click Like and click Follow to see more.
Greenfield
Disclosure: Just a humble market opinion by Greenfield Analysis. This is not a recommendation. Greenfield Analysis has no investment in any of the securities mentioned in the article, no plan to initiate a trade in any of the securities mentioned, and does not receive any compensation for this market opinion.
