• Market in uptrend • Three long black candles (or red) • Open of last two within, or below, prior black real bodies • Each candle closes at, or near, its low
Market Implication Top reversal
Support or Resistance Not used as resistance
How To Trade:
1) Right after completion of 3rd red/black candle place a sell order with stop loss and target.
Noted chart example would have taken 4-5 hrs to hit target, with an almost 1:3 risk and reward setup.