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Bearish Breakaway


This pattern signals a potential trend...

Reversal


How to identify...
  1. 1st day is a long white day.

  2. 2nd day is a white day whose body gaps up.

  3. 3rd & 4th days close higher each day.

  4. 5th day is a long red day that closes inside the gap created by the 1st and 2nd days.
Similar pattern(s)...

» none

Psychology...

The up trend is accelerated by a gap up. The next few days trend up, however start to run out of steam. The last day of the pattern shows a breakdown and close below the previous 3 days, however the gap created on the 1st day remains unfilled. Since the gap is not filled and the trend is obviously deteriorating, this implies the reversal signal.



Recent Scan Results...
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Last Day: 0 Last Week: 0
Last 10 Days: 2 Last 10 Weeks: 2




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