however I have always seen high upper shadows as failures of the Bulls..It just doesnt compute even if the closing body is white...I am also reading some definitions must have a preceding engulfing black body....anyway your definition has a general bullish reversal acceptance..
See what your views are of Bulkowskis 65% bearish continuation rate of this candle... Check Link here
I also realise you are not saying that by itself it is a Buy trigger
just food for thought....cheers
MNS Price at posting:
34.5¢ Sentiment: Buy Disclosure: Not Held