Bearish meeting lines

Bearish Meeting Lines Candlestick Pattern
October 17th in Bearish Double-Stick Patterns by Mash Bonigala .

Bearish Meeting Lines
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This pattern signals a trend...

Bearish Meeting Lines
The bearish meeting lines (deai sen) candlestick pattern (view full size chart) is one of the double candlestick patterns (i.e. it consists of two individual candlesticks), and it is a bearish pattern.

Bearish Meeting Lines
Discussion
The bearish meeting lines candle pattern, in theory, works as a bearish reversal of the uptrend, but testing shows that it acts as a bullish continuation 51% of the time.

The Bearish Meeting Lines Pattern is similar to the Bearish Dark Cloud Cover Pattern. The Dark Cloud Cover has the same two-candlestick pattern.

Bearish Meeting Lines
The bearish meeting line takes place in an uptrend and is a sign that a potential bearish reversal is in play. The first candlestick in the formation is green, which is in correlation with the present uptrend.

Bearish Meeting Lines
The Meeting Lines Japanese Candlestick formation is a two candlestick reversal pattern.

The bearish meeting lines candlestick pattern is formed when opposite colored bodies have the same closing price.

bearish meeting lines candlestick Bearish Meeting Lines (non-fx)  • Direction: Bearish  •...

Even though the second day opens high, it rallies to close at the close of the previous day. This typically means a benchmark has be defined by traders, and a reversal is likely. The bearish Meeting Lines pattern is similar to, ...

See also: Meeting Lines, Chart, Bearish, Candlestick, Candle