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Bearish Belt Hold


This pattern signals a potential trend...

Reversal


How to identify...
  1. Long red day where the open is equal to the high.

  2. No upper shadow.
Similar pattern(s)...

» Marubozu

Psychology...

A significant gap up occurs. The remaining price action for the day occurs to the downside. This triggers new short positions to be taken. Concern over this price action re-enforces the selling.



Recent Scan Results...
DailyWeekly
Last Day: 31 Last Week: 3
Last 10 Days: 290 Last 10 Weeks: 61




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