The combination of
the bearish volume patterns in the NASDAQ and an abundance of overhead resistance (such as the 50 - day moving average), leads me to believe the next move in the stock market will be lower.
Last week, I penned a blog post that suggested stocks were headed lower due to seemingly
bearish volume patterns in the NASDAQ Composite.
Instead, there was a short - lived bounce that inevitably attracted some «late to the party» Charlies who were not paying attention to
the bearish volume patterns in the market.
This time, despite the overly
bearish volume patterns in the market until yesterday, the «sell» signal simply did not work.
Not exact matches
When trading the
bearish engulfing
pattern in other markets (where
volume is accurate), you would like to see the engulfing candlestick form on higher than average
volume (preferably on twice the
volume of the previous candlestick).
Bitcoin cash is on the rise amid rising
volumes, but is still within a
bearish falling - channel
pattern for now, the price charts indicate.
Bitcoin cash is on the rise amid rising
volumes, but can it break out of the
bearish falling - channel
pattern?
Bitcoin cash is on the rise amid rising
volumes, but is still within a
bearish falling channel
pattern for now, the price charts indicate.