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This reversal candlestick pattern rarely appears.


It is a two day pattern where the second day’s close is the same as the previous day’s close, however the second day’s direction is opposite. The two days of candlesticks have opposite colors.


Bearish pattern: when the stock opens higher but closes lower, with the close equal to the close of the previous day. This pattern is found within an upward trend. The first day is a long white candlestick followed by a black candlestick.


Bullish pattern: when the stock opens lower, but closes higher, with the close equal to the close of the previous day.


An increase in volume would be a confirmation of the pattern’s direction.


Market Opinion


Bullish or bearish.





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