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The Complete Guide to Using Candlestick Charting: How to Earn High Rates of Return safely
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Bearish Meeting Lines Candlestick Pattern



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
Daily ChartWeekly Chart
Last Day: 1 Last Week: 0
Last 10 Days: 14 Last 10 Weeks: 0




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