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Bearish Upside Gap Two Crows

Daily Charts:   3 found in last 10 days.   Updated Fri Oct 10 18:16:41 2008 CST . Click here to see them.

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

Bearish Upside Gap Two Crows

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. 1st day is a long white day.
  2. 2nd day is black and gaps above the 1st day.
  3. 3rd day is black and opens above and engulfs the 2nd day.
  4. 3rd day closes above the close of the 1st day.

Psychology...

The gap created on the 2nd day has already started to be tested by the 3rd day. Two consecutive lower closes places a damper on the bullishness. Look for lower prices and the gap to be filled soon.





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