Bottoming tail

A candlestick pattern which is comprised of a relatively small bodyReferring to the body of a candlestick or the area that is between its open and close, disregarding its swing highs and lows which are represented by the shadows or wicks. and a much larger shadow or wick which is pointing downwards (towards lower prices), indicating that within the time period of the candle, bears pushed prices low but by the end of the candle period were forced to retreat to an area either close to or above the open of the candle. Generally a bullish pattern, it requires that the tail or wick be at least twice the size of the bodyReferring to the body of a candlestick or the area that is between its open and close, disregarding its swing highs and lows which are represented by the shadows or wicks. to be designated as a “tail”. It is the opposite of a Topping TailA candlestick pattern which is comprised of a relatively small body and a much larger shadow or wick which is pointing upwards (towards higher prices), indicating that within the time period of the candle, bulls pushed prices high but by the end of the candle period were forced to retreat to an area either close to or below the open of the candle. Generally a bearish pattern, it requires that the tail or wick be at least twice the size of the body to be designated as a “tail”. It is the opposite of a Bottoming tail, or Hammer pattern. Can also be called “inverted hammer”. and is often referred to as a “hammer”.