Three Mountain Top Candlestick Formation

Three Mountain Top Candlestick Example

Description

The Three Mountain Top, or Unique Three Mountain Top, candlestick formation is composed of 3 candlesticks. The first candlestick is a green candlestick in an upward trend. The second candlestick is another green candlestick whose body (open and close) is below the close of the first candlestick, while the high is higher than the high of the first candlestick. The third candle is a red candle whose body (open and close) is above the close of the second candlestick, and whose high is below the high of the second candlestick. This is a bearish candlestick which indicates a reversal of a bullish trend.