A candlestick formation where there are two candles to the left and two candles to the right that are lower than the center wick high. In other words, a high is visible as two candles to the left and two candles to the right that are below the center candle, and either the body or wick is higher. The high represents a new level of resistance as shown in the following depiction:
Formations are typically used to monitor the open, high, low, and close market prices in any specific period of time.
