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Definition of 'Sushi Roll'
A candlestick pattern consisting of 10 bars where the first five (inside bars) are confined within a narrow range of highs and lows and the second five (outside bars) engulf the first with both a higher high and lower low. If a sushi roll appears in a prevailing trend, it is a sign that there may be an upcoming trend reversal.
Sushi roll analysis is used to try to predict market tops and bottoms.
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Investopedia explains 'Sushi Roll'
The pattern is similar to a bearish or bullish engulfing pattern, except that it is composed of multiple bars instead of a pattern of two single bars. This pattern was named a sushi roll by Mark Fisher in his book, "The Logical Trader".
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The sushi-roll indicator may help lower the risk of trying to pick market tops and bottoms.
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