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Feb 8, 2024 1:15 AM

Longer Term Tops Can End With a Big Red Reversal Candle 

NYSE:CAT15
Caterpillar, Inc.NYSE

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After a protracted move up, many times the top is formed on a big intra-day price reversal. I call these "big red candlesticks". The key is to short these stocks on the break of bearish consolidation formations after the first sell-off.
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