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Igor

Upside Gap Two Crows Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

It is made up of the following candles:

- long bullish candle (Day 1)

- bearish candle which gaps above the Day 1 candle (Day 2)

- bearish candle which engulfs the Day 2 candle and which closes above the Day 1 candle.

The arrangement of the candlesticks is such that the Day 2 and Day 3 low/closing prices are progressively lower, and this is seen as a sign that whatever bullish sentiment depicted by the upside gap has waned, opening the door for the asset to move lower.

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