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Saturday, April 20, 2024

Improve Your Market Timing: The Bearish Belt Hold Candlestick Pattern

 Courtesy of MarketTamer

  • The pattern begins with a gap to the upside in the direction on the existing trend.
  • The stock immediately trades down and the high of the day is the opening gap.
  • The candle is dark with no wick to the upside.
  • The longer the real body the more likely a reversal is to occur.

There Is More To Go To The Downside

Dow

 

S&P 500

)

 

Nasdaq

For more information, please visit Options Revolution.

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