The White Top Pattern

The White Top pattern (White Marubozu) is a candlestick chart pattern that represents a single candle with a long bullish body without an upper and lower shadow. In this pattern, the price opens at the beginning of the period and remains at the maximum level for the entire period, and then closes at the maximum price.

The White Top pattern indicates strong bullish pressure in the market, where buyers control trading and there is no significant presence of sellers. It is often seen as a signal of a possible continuation of the uptrend.

Traders can use the "White Top" pattern in trading to make a decision about entering a buy position. They may view this pattern as a signal of strong bullish momentum and expect the price to continue to rise.

However, as with any other technical tool, it is important to take into account the market context, confirmatory signals and risk management. The White Top pattern should be used in combination with other indicators and analytical tools to make informed trading decisions.

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