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Three Buddha top is a longer-term pattern similar to a Western head-and-shoulders top. A sell signal is confirmed when the price falls below the intervening two minor pullback lows, preferably on a large black candlestick or a falling window (breakaway gap) and a rise in trading volume to indicate serious selling. Source(s): http://www.oilngold.com/tutorials/candlesticks- tutorial-i/candlestick-reversal-tops-20080722244/ |
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A reversal candlestick combination. It consists of a head-and-shoulders formation, or three consecutive rallies in which the first and the third are of approximately the same height, and the second is the highest. |
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Three Buddha Top is a bearish Japanese Candlestick reversal pattern that equates to the western Head and Shoulders Top pattern. Source(s): traderslog.com |
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Three Buddha top formation is a candlestick formation that is also known as Head and Shoulders Top pattern. |
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The three Buddha top formation a reversal candlestick combination. It consists of a head-and-shoulders formation, or three consecutive rallies in which the first and the third are of approximately the same height, and the second is the highest. |
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Three Buddha Top is a bearish Japanese Candlestick reversal pattern that equates to the western Head and Shoulders Top pattern. |
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