#usefulmaterial
The "Tower" top is a reversal pattern in candlestick analysis, which portends the break of an uptrend or its correction. The name is mainly connected with the appearance of this figure. It looks like a small tower formed at the top of the chart. It is formed by long candles on the edges and small candles in the middle, at the top.
Conditions for the formation of this pattern:
1.An uptrend is observed on the chart.
2.One long green candlestick or several green candlesticks of medium or long length appear consecutively. They form the first (left) "wall".
3.Then about 3 short candles ("waves") of any colour are formed sequentially at the top.
4.After them a long black candle or a series of black candles of medium or long length is formed. As a result, a kind of "tower" should be formed, so that the decline reaches the level from which a strong rise started earlier.