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Bearish Side-by-Side White Lines


This pattern signals a potential trend...

Continuation


How to identify...
  1. 1st day is a red day.

  2. 2nd day is a white day which gaps below the 1st day's open.

  3. 3rd day is a white day about the same size as the 2nd day, opening at about the same price.
Similar pattern(s)...

» none

Psychology...

The 2nd and 3rd days are a failed attempt to rally. Shorts are basically taking profit here. The downtrend remains intact.



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




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