High
Wave Candle
Description
This
reversal pattern indicates indecision in market opinion and possibly could
indicate a market reversal. It is considered moderately reliable.
It
is formed by one single small body (either color) with either a very long upper
or lower shadow, or both are long. The hovering, or loss of direction, could
signal a possible reversal in the market, especially when occurring at tops.
Confirmation would be needed showing a move in the opposite direction.
Market
Opinion
N/A
Pattern