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.