Now, we would ideally like to see the price action retrace down to its 200 - day moving average and form some sort of bullish reversal candlestick pattern. (morpheustrading.com)
Furthermore, both the small - cap Russell 2000 and NASDAQ Composite printed bullish reversal candlesticks on higher volume yesterday. (morpheustrading.com)
This caused the ETF to give back most of its morning advance and form a bearish reversal candlestick on its daily chart. (morpheustrading.com)