However, the second day trades within a small range and closes at or near its open. This scenario definitely shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the black third day, which is given extra validation by the downward gap.
: Advance Block Bearish :
| |[pic] |
|PATTERN : REVERSAL | |
|TREND : BEARISH | |
|RELIABILITY : Moderate | |
| | |
How to Identify it :
• Three long white days occur, each with a higher close than the previous day
• Each day opens within the body of the previous day and closes near the high of the day
• Each days body is significantly smaller than the previous days body
• The second and third days should exhibit long upper shadows
What it Means :
In an uptrend three long days occur with consecutively higher closes... displayed 300 characters
Custom written essay
All essays are written from scratch by professional writers according to your instructions and delivered to your email on time. Prices start from $10.99/page
Your research paper is written by certified writers
Your requirements and targets are always met
You are able to control the progress of your writing assignment
You get a chance to become an excellent student!
Get a price guote
However, the second day trades within a small range and closes at or near its open. This scenario definitely shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the black third day, which is given extra validation by the downward gap.
: Advance Block Bearish :
| |[pic] |
|PATTERN : REVERSAL | |
|TREND : BEARISH | |
|RELIABILITY : Moderate | |
| | |
How to Identify it :
• Three long white days occur, each with a higher close than the previous day
• Each day opens within the body of the previous day and closes near the high of the day
• Each days body is significantly smaller than the previous days body
• The second and third days should exhibit long upper shadows
What it Means :
In an uptrend three long days occur with consecutively higher closes... displayed 300 characters
