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Bearish Falling Three Methods
| This pattern signals a trend... | How to identify... | Similar pattern(s)... | | Continuation | - 1st day is a long black day.
- Three small body candlesticks follow the 1st day. Each trends upward and closes within the range of the 1st day.
- The last day is a long black day and closes below the 1st day's close.
| | Psychology...
This is a formation which shows the market taking a breather before continuing it's downtrend. Notice that a new high is not seen during the 4 remaining days of this formation. This gives little confidence to the bulls, making way for the short sellers.
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