Price Action: How to trade tower top candlestick pattern & tower botto...

 



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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

Tower Top Pattern: Normally it should be a signal of reversal of the current Trend. You can find it in the variants: Top and Bottom, depending on. Tower Top Pattern. tower top. Comprised of one or more tall white candles followed by congestion and then one or more long black candlesticks. he tower top is a reversal pattern that occurs at high price levels. Typically one or more long bullish candlesticks are followed by a few smaller real body.

A tower top occurs at high price levels after an extensive rally. At some point in the upward move, the security will begin to flatten out and develop dojis. The Bearish Tower Top candlestick pattern is a bearish reversal candlestick pattern. Look for this series of candlesticks at the top of an uptrend. Top Tower is an uptrend-downtrend reversal model. This pattern occurs during upward movement, a couple of a big rising(white) candles. The tower top is a top reversal chart pattern and the tower bottom is a bottom chart reversal pattern. The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts, and candlestick charts.

Tower Bottom Pattern: Normally it should be a signal of reversal of the current Trend. Tower Bottom Pattern. tower bottom. Comprised of one or more long black candles followed by congestion and then one or more long white candlesticks. A tower bottom occurs at low price levels after an extensive sell-off. At some point in the downward move, the security will begin to flatten out and develop dojis. The Bullish Tower Bottom candlestick pattern is a bullish reversal candlestick pattern. Look for this series of candlesticks at the bottom of a downtrend.

A bottoming pattern occurs when the lows of two candlesticks occur at almost tower bottom occurs at low price levels after a correction. The Twin Tower effect is when two topping tails appear in an index or a stock chart, you who trade stocks would know what a topping tail or shooting star candlestick pattern represents. For example a double top may have a double bottom.