Topping Tail

A candlestick pattern which is comprised of a relatively small bodyReferring to the body of a candlestick or the area that is between its open and close, disregarding its swing highs and lows which are represented by the shadows or wicks. and a much larger shadow or wick which is pointing upwards (towards higher prices), indicating that within the time period of the candle, bulls pushed prices high but by the end of the candle period were forced to retreat to an area either close to or below the open of the candle. Generally a bearish pattern, it requires that the tail or wick be at least twice the size of the bodyReferring to the body of a candlestick or the area that is between its open and close, disregarding its swing highs and lows which are represented by the shadows or wicks. to be designated as a “tail”. It is the opposite of a Bottoming tailA candlestick pattern which is comprised of a relatively small body and a much larger shadow or wick which is pointing downwards (towards lower prices), indicating that within the time period of the candle, bears pushed prices low but by the end of the candle period were forced to retreat to an area either close to or above the open of the candle. Generally a bullish pattern, it requires that the tail or wick be at least twice the size of the body to be designated as a “tail”. It is the opposite of a Topping Tail and is often referred to as a “hammer”., or Hammer pattern. Can also be called “invertedA term used to define a situation when the major market averages or the internals are not either all positive or all negative. ie: the Dow is up and S&P and Nasdaq is down might be called out as “Head’s up, top line figures are inverted.” Basically, when we have inversion, its a signal of a choppy market that is rangebound at the prior day’s close. hammer”.