A homothetic, static, spherically symmetric solution to the massless Einste
in-Klein-Gordon equations is described. There is a curvature singularity wh
ich is central, null, bifurcate, massless and marginally trapped. The space
time is therefore extreme in the sense of lying at the threshold between bl
ack holes and naked singularities, just avoiding both. A linear perturbatio
n analysis reveals two types of dominant mode. One breaks the continuous se
lf-similarity by periodic terms reminiscent of discrete self-similarity, wi
th an echoing period within a few per cent of the value observed numericall
y in near-critical gravitational collapse. The other dominant mode explicit
ly produces a black hole, white hole, eternally naked singularity or regula
r dispersal, the latter indicating that the background is critical. The bla
ck hole is not static but has constant area, the corresponding mass being l
inear in the perturbation amplitudes, explicitly determining a unit critica
l exponent. It is argued that a central null singularity may be a feature o
f critical gravitational collapse.