Candlestick Patterns

Ladder Top

The Ladder Top is a bearish reversal pattern represented by five candles. During an uptrend, the first three candles have a long increasing body. The fourth candle also increases and has the shape of a Hammer. Finally, the last candle is a long decreasing candle that opens below the previous close. The first three increasing candles continue with the ongoing uptrend, but the fourth one shows signs of weakness. Finally, the last one is a long decreasing candle that kicks off the beginning of a new trend. The fifth candle ends with the uptrend and initiates a bearish movement that is likely to continue, therefore, it signals a sell.

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