Ugly Top // Has Broken Down from the Triangle.Shaven head red candle broke through the neckline today. At this moment the bottom of that red candle is almost shaven as well which would make it a bearish marubozu candle if this candle ends the session shaven on both ends. Shaven means no top wick or bottom shadow. This red candle also engulfed/swallowed yesterday's candle.
The neckline of 1322 serves as a support level until broken and is a strong source of support. This pattern is not valid unless this neckline is broken with a confirmed downtrend. The neckline is broken but the confirmed downtrend is not in place.
A bearish butterfly formed before the latest upswing. There are support levels that can kick in and save this so be sage. Popular stock. There is a pocket pivot at the break of the neckline which is positive (green triangle)
No recommendation
"Almost" is not measurable and does not mean a whole lot in the scheme of things )o:
