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Patterns pattern candlestick classic

A candlestick pattern where the open and close are virtually equal.

Usage

Indicates indecision between buyers and sellers.

Background

Candlestick patterns were popularized in the West by Steve Nison in his 1991 book 'Japanese Candlestick Charting Techniques'. These patterns provide a visual representation of market psychology and the balance of power between buyers and sellers at key price levels.

Formula

\text{Pattern Recognition Logic (TA-Lib Internal)}

Source