Sentences with phrase «top bearish reversal»
A close today (as per UTC) below $ 9,280 would confirm a double - top bearish reversal and open the doors for a drop to $ 6,860 (target as per the measured height method).
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A double top is a bearish reversal pattern.
• 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».
The hanging man is a bearish reversal pattern that can also mark a top or strong resistance level.
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.
However, there still exists a big and bearish triple - top reversal pattern that is a technical clue of a market top being in place.
The diamond top and bottom are reversal patterns that are used to pin bearish and bullish breakouts respectively.
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).