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This bullish reversal pattern is considered moderately reliable.


After a downtrend, a small body forms with a long lower wick, the longer the more bullish. It has no upper wick.


This reversal causes the stock to close near its opening price near the days high, signally a possible reversal. Bulls are expected to have exited, and shorts are carefully watching the bounce. Confirmation is needed with a strong next day with solid volume.


Market Opinion





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