Consists of 2 candlesticks where the first candle is an up candle.
Both candles should have fairly large bodies and small or nonexistent
shadows. The second candle is a bearish candle that closes below
the midpoint of the first candle.
NOTE:
TRIGGER:
Both candles should have fairly large bodies and small or nonexistent
shadows. The second candle is a bearish candle that closes below
the midpoint of the first candle.
NOTE:
- This is only a valid formation when at a key level of resistance.
TRIGGER:
- I don't often use this formation for a trigger into a trade but rather for confirming a bearish reversal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.