Double Candlesticks

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The double candlestick pattern forms when a single day's price action is marked by a long lower wick and a short upper wick, resembling the shape of two candles standing back to back. The formation typically occurs during a strong trend and signals potential reversal points in the market. Traders often view this formation as a bearish reversal signal but it can also be interpreted as a bullish continuation pattern depending on the context of the trade.