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All Patterns Flashcard Game
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Bearish Belt Hold
| This pattern signals a potential trend |
Reversal
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| 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
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| 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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| Daily Chart | Weekly Chart |
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