Candlestick Charting 

Candlestick Patterns Bearish Signals / Tower Top

Advertisements

Candlestick Patterns Bearish Signals/ Tower Top

Criteria:
Market in up trend.
After several white candles there is a short-term lull.
after that a large black candle light emerges.

Market Effects: Leading turnaround.

Resistance: Highest level got to within this pattern (including the lull period).

Psychology: Bulls are first foretelling. The lull reveals bulls shedding pressure. The black candle shows bears are now in command.

First candle needs to be lengthy white.
Time-out can composed of any kind of candle lines.
The last candle must have a prolonged black real body.
Opposite of Tower Bottom.

I show You how I made $1,006 from $100, then $257,000 from $1,006 with Bitcoin and cryptocurrencies!

Related posts

Leave a Comment