In this close-up candlestick chart of UTX, above, we can see a bearish falling window or gap and a long red candle. What does that tell us? A falling window or a gap to the downside is considered to be resistance until the window is "closed." The middle of the long red (bearish) candle or around $113 is considered to be resistance.
This candle chart also shows us that prices are holding in a tight range with small real bodies (the distance from the open to the close). These candle patterns are called spinning tops and signal a balance between the bulls and the bears. This balance can mark a turning point or reversal.