GLOSSARY

TOWER TOP

17 May 2017 By PDSNET

A candlestick top reversal signal formed at the top of a well established trend in an uncertain market. The Tower Top, also call the Spike Top, takes form beginning with a long green candle followed by three or more spinning tops which represent the uncertainty in the market, and finally a long red candle, which is the start of the reversal of the trend. As always with candlestick charts, it is important to wait for confirmation of the signal from the candles that follow the formation.

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