All Patterns Flashcard Game
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Bearish Breakaway Candlestick Pattern
This pattern signals a potential trend |
Reversal
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How to identify |
- 1st day is a long white day.
- 2nd day is a white day whose body gaps up.
- 3rd & 4th days close higher each day.
- 5th day is a long red day that closes inside the gap created by the 1st and 2nd days.
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Similar pattern(s) |
» none
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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.
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Recent Scan Results
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Last 10 Days: 6 | Last 10 Weeks: 2 |
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