
| This pattern signals a trend... |
How to identify... |
Similar pattern(s)... |
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Continuation |
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Psychology...
The gap down on the 2nd day gets filled by
the 3rd day. More investigation of the previous weeks is recommended in order to
see if this is the first gap. If so, then this pattern is probably displaying
short covering to 'close the gap' created and the bearish trend should
continue.