Candlestick Patterns Bearish Signals/ Dumpling Top
Market in up fad.
Market then develops a convex pattern.
Market after that gaps down.
Market Ramification: Leading turnaround.
Resistance: 2 levels of resistance:
1- Top of Falling Home Window.
2- Pattern High.
Psychology: Going from higher highs to lower highs shows a loss of advantage energy. The space down indicates the bears have gotten control.
This pattern is the same as a rounding top in Western technicals, other than that it also has the added bearish signal of a Falling Window.
When market is developing convex pattern need to have little genuine bodies.
Opposite of Frying Pan Bottom.