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Trading and Investment Terms

Dumpling tops

A candlestick charting pattern that is similar to the Western rounding top. A window to the downside is needed to confirm this as a top. Its bullish opposite is the frypan bottom

 

 A dumpling top structure is comprised of several Japanese candlesticks. The first candlesticks are bullish or bearish with a small body. This series of candlesticks should form a rounded top. 

Then, the last candlestick is formed with a bearish gap opening. 

This is the opposite of the frying pan bottom.

 

Key Points

Normally it should be a signal of Bearish reversal of the current Trend.

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.

– The Pattern starts during an Uptrend, then it becomes a “Sideways” Trend (That represents the indecision of the Markets); at the end of the Pattern, there is a reversal in the direction of the Trend and it becomes a Downtrend.

– This Pattern is quite rare; is important that there is a Gap Down after the “Sideways” Trend and just before the start of the Downtrend (To obtain further confirmation of the reversal of the Trend, as the Pattern suggests).

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