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Bearish Meeting Lines


This pattern signals a potential trend...

Reversal


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

  2. 2nd day is a long red day and closes at the 1st day's close.
Similar pattern(s)...

» Bearish Dark Cloud Cover

» Bearish Separating Lines

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.



Recent Scan Results...
DailyWeekly
Last Day: 1 Last Week: 0
Last 10 Days: 6 Last 10 Weeks: 0




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