Sentences with phrase «bearish doji reversal»

Also, a weak close today would confirm a bearish doji reversal on the daily chart.

A bearish doji reversal occurs when the doji candle is followed by a big red candle, as seen on the above chart, and indicates a bullish - to - bearish trend change.

A short - term top is in place at $ 3.3170 (Jan. 4 high) as indicated by the bearish doji reversal (Thursday's doji candle and a bearish follow - through on Friday).

The above chart shows a bearish doji reversal, as represented by Monday's inverted bearish «hammer» pattern (also known as a shooting star) and Tuesday's negative follow - through (drop below $ 11,000)- all of which suggests the tables have turned in favor of the bears.

Despite confirmation of a bearish doji reversal (Monday's doji and a bearish follow - through on Tuesday), BCH is holding above the $ 1,000 mark.

Not exact matches

• A bearish reversal or top reversal pin bar formation can be called a «long wicked inverted hammer», «long wicked doji», «long wicked gravestone», or «shooting star».

So when the prices move above the upper Bollinger Band, are coupled with a bearish candlestick read (gravestone doji, for example), and an extreme overbought W % R read is present, we expect a reversal at the top.

Alternatively, if the previous candles are bearish then the doji will probably form a bullish reversal.

If a bearish reversal pattern forms during the bullish trend i.e. doji or refer to other price action strategies on this section, it is therefore a trigger to exit or take profit accordingly.

Bearish scenario: A break below $ 16,750 (doji candle low) would add credence to the breach of the ascending trend line and the doji reversal.