reversal pattern has a long black candlestick gapping below the first day.
a bullish breakaway, the next two days are a continuation in the same direction
with lower closes. The last day is a long white candlestick, closing the gap
between the first and second days.
pattern is an indication of a stock gapping down, and although the movement
downwards continues, it slows down. The long white candlestick perhaps being a
signal of a possible reversal. Confirmation comes if the declining volume of
the three middle days have a pickup in volume on the white day.
opposite forms a bearish breakaway.
possibly to the upside, moderately bullish.
possibly to the downside, moderately bearish.