It's a major reversal pattern, similar to the island reversal chart pattern.
The key to this pattern is the Doji gapping away from the candles on both sides.
- Bearish reversal pattern
- Appears after a strong uptrend
- Formation of 3 candle lines
- 1st candle is a long green candle in the direction of the trend
- 2nd candle is ideally a Doji or a candle with a very small real body gapping away from the candles on each side
- There must be no shadows or body overlapping the Doji
- 3rd candle is a long red candle
- Bullish reversal pattern
- Appears after a strong downtrend
- Formation of 3 candle lines
- 1st candle is a long red candle in the direction of the trend
- 2nd candle is ideally a Doji or a candle with a very small real body gapping away from the candles on each side
- There must be no shadows or body overlapping the Doji
- 3rd candle is a long green candle

