Bearish Belt Hold
| This pattern signals a potential trend... |
Reversal
|
| How to identify... |
- Long red day where the open is equal to the high.
- No upper shadow.
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| 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.
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Recent Scan Results...
| Daily | Weekly |
| Last Day: 9 | Last Week: 11 |
| Last 10 Days: 309 | Last 10 Weeks: 34 |
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