Sentences with phrase «such bearish pattern»

Not exact matches

This typically comes in the form of either a bearish reversal bar (such as a bearish engulfing or hanging man candlestick pattern) or sharp opening gap down, which signals the short - term bounce is losing steam.

If this bearish chart pattern starts following through to the downside, it may create a low - risk entry point for short selling $ QQQ (or buying a short ETF such as $ PSQ or $ QID).

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.

The Candlestick Recognition Master indicator is a technical study that plots bullish / bearish candlestick patterns on the activity chart, thus removing the worry of having to spot such patterns by the trader.

As such, a true bearish engulfing pattern will only come after a bullish movement in price (consecutive higher highs).

As long as all of the other requirements are met, such patterns should be considered valid bearish engulfing signals.