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Bearish Meeting Lines

DailyWeekly
Last Day: 1 Last Week: 0
Last 10 Days: 4 Last 10 Weeks: 1

Bearish Meeting Lines

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
Reversal
  1. 1st day is a long white day.

  2. 2nd day is a long red day and closes at the 1st day's close.
Bearish Dark Cloud Cover


Psychology...
An up day followed by a down day that closes at the previous day's close gets traders to bet on a reversal. It's probably a good idea to wait for confirmation of the downtrend. This would be a lower close the next day.


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