Candlestick Patterns Bearish Signals/ Tower Top
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.