A Japanese candlestick pattern signaling a bullish reversal. At the end of a decline, a long black candlestick and a smaller black candle that follows, share the same closing price. Even though the second candle opens higher than the previous close, it doesn’t manage to follow through and eventually it closes at the same price as the previous session. This is indicative of a possible bottom. Since the market failed to record a new low, a support may have been formed and a possible reversal may be in place.
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