Homing pigeon (sign,able guide itself to target)
Reversal pattern with moderate reliability
Psychology behind the candle is that,in a downtrend or within a pullback of an uptrend, a long black body occurs. The next day’s gap up comes as a surprise to the shorts but the stock gives some of its gap up back causing the candle to be filled in. This relaxes the bears and worries the bulls, and this is the exact formula needed for a possible bounce. Next days up move will confirm the acceptance.
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