After a decline: a long down candle, then an up candle that opens below the prior low (or close) and closes above the midpoint of the prior body but below its open.
How traders use it: Read as buyers recovering more than half the prior selling. In 24/7 crypto markets, opens rarely gap, so traders often relax the opening condition, which weakens the classic definition.
Common mistake: Calling it when the second candle closes below the midpoint; that is a weaker pattern.
Related: Dark cloud cover · Bullish engulfing
See this term in the full glossary · All terms
Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.