A Japanese candlestick pattern signaling a bearish reversal. At the end of an uptrend, a long white candlestick and a smaller white candle that follows, share the same closing price. Even though the second candle opens lower than the previous close, it doesn’t manage to move lower and eventually it closes at the same price as the previous session. This is indicative of a possible top. Since the market failed to record a new high, a resistance may have been formed and a possible reversal may be in place.
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