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In a downtrend or within a pullback of an uptrend, the stock exhausts itself with a gap down, but although the downward movement continues, it slows noticeably. The long white day suggests a possible reversal in the making to at least fill the overhead gap. Declining volume on the three middle days with a pickup in volume on the white day serve as confirmation.

A long black day is followed by a black day that gaps below the first day. The next two days continue in the same direction with lower consecutive closes. The final day is a long white day that closes in the gap between the first and second days.

Pattern: reversal
Reliability: moderate