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Bearish Meeting Lines

Daily Charts:   2 found in last 10 days.   Updated Fri May 16 18:16:28 2008 CST . Click here to see them.

Weekly Charts:   0 found in last 10 weeks. Click here to see them.

Bearish Meeting Lines

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. 1st day is a long white day.
  2. 2nd day is a long black day and closes at the 1st day's close.

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.





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