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Deliberation Bearish
Trend: Bearish
Reliability: Moderate
How to Identify it
- Two long white days occur, the second with a higher close than the first
- A third white day is a spinning top or doji that gaps above the second day
What it Means
In an uptrend three white days occur with consecutively higher closes. This pattern is a derivative of the Three White Soldiers pattern and is very similar to the Advance Block pattern. Even though an uptrend continues, the small third body suggests that the previous rally is losing strength and preparing for a reversal.
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