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Longer Term Tops Can End With a Big Red Reversal Candle
Caterpillar
(
NYSE:CAT
)
KRSCBOE
Premium
NYSE:CAT
Caterpillar
Trend Analysis
Chart Patterns
2
0
trendanalysis
chartpattern
After a protracted move up, many times the top is formed on a big intra-day price reversal. I call these "big red candlesticks". The key is to short these stocks on the break of bearish consolidation formations after the first sell-off.
ChrisBrecher
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