Candlestick Patterns Bullish Signals/ Tower Bottom
Markte in down fad.
After several black candle lights there is a temporary time-out
Thel a larg white candle emerges.
Market Implication: Base reversal.
Assistance: Cheapest degree reached within this pattern (including the lull duration).
Psychology: Bears are foretelling in the beginning. The lull shows bears are losing control. The high white candle suggests the bulls are now in control.
First candle light needs to be lengthy black.
Time-out can be composed of any kind of candle light lines.
The last candle light must have a prolonged white real body.
Reverse of Tower Top.