Hector Deville's Best Advanced MT4 Indicator
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Deliberation Bearish Candlestick Pattern
The Psychology
The first two white days say “full speed ahead” as the stock appears strong and in a solid uptrend. But the gap up and failure to rally much suggests that the strength may be waning. This isn't necessarily bearish, but it's certainly less bullish, so stops are raised, or profits taken on long positions.
Identification
A long white day is followed by a second long white day that closes higher than the first. The third white day gaps above the second and becomes a white spinning top or Doji.
Pattern: reversal
Reliability: moderate