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Re: None

Wednesday, 11/18/2015 1:48:33 PM

Wednesday, November 18, 2015 1:48:33 PM

Post# of 42897
2nd potential pattern for $BIEI - BEARISH EVENING DOJI STAR

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3202

Definition

This is a three-candlestick pattern signaling a major top reversal. It is composed of a white candlestick followed by a Doji, which characteristically gaps up to form a Doji Star. Then, we have a third black candlestick whose closing is well into the first session’s white real body. This is a meaningful top pattern.

Recognition Criteria

1. The market is characterized by a prevailing uptrend.
2. We see a white candlestick on the first day.
3. Then, we see a Doji on the second day that gaps in the direction of the uptrend.
4. A black candlestick is observed on the third day.

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