Category: 3. Low Reliability (bearish)

BEARISH BLACK OPENING MARUBOZU (BBOM) a bearish day that should concern the bulls Characteristics: 1. A Black Opening Marubozu has a lower shadow; 2. The day opens and prices go below the opening price....

BEARISH BLACK CLOSING MARUBOZU (BBCM) has an upper but no lower shadow Characteristics: 1. A BCM has an upper shadow; 2. When the day opens, the prices move up (creating the upper shadow) but...

BEARISH BLACK MARUBOZU (BBM) no upper and lower shadow Characteristics: 1. A Black Marubozu has a long black body with no upper or lower shadow; 2. It shows that prices move down all day;...

BEARISH LONG BLACK CANDLESTICK (BLBC) signals strong selling pressure in the market Characteristics: 1. We have a relatively long black body; and 2. The sizes of the upper and lower shadows are not important...

BEARISH THREE LINE STRIKE PATTERN (BTLSP) a merry go-round type of pattern Characteristics: 1. Market is on a downtrend; 2. There are 3 long black sticks with consecutive lower closes; and 3. Day 4...

BEARISH THRUSTING PATTERN (BTP) a rally failure in a market that is down Characteristics: 1. Market is on a downtrend; 2. Day 1 has a black candlestick; 3. We then see a white stick...

BEARISH SEPARATING LINES PATTERN (BSLP) a concern for shorts during a downtrend Characteristics: 1. The market is on a downtrend; 2. Day 1 has a long white candlestick; 3. Day 2 has black body...

BEARISH HARAMI PATTERN (BHP) the mother and her baby Characteristics: 1. Market is on an uptrend; 2. Day 1 has a long white stick; and 3. Day 2 has a black stick whose body...

BEARISH SHOOTING STAR PATTERN (BSSP) prices may be approaching the peak Characteristics: 1. Market is on an uptrend; 2. Day 1 has white candlestick; 3. On Day 2, prices then open with a gap...

BEARISH HANGING MAN PATTERN (BHMP) a bearish reversal pattern Characteristics: 1. This can be seen at the market top or during an uptrend; 2. It is distinguished by its small body at the upper...

BEARISH BELT HOLD PATTERN (BBHP) strong reversal that leads to a sell-off Characteristics: 1. The market is in an overall uptrend; 2. The day gaps up and prices open on their high. But the...