DOWN SIDE GAP THREE METHODS Pattern: continuation Reliability: moderate
Identification A long black day is followed by a second long black day that gaps in the direction of the trend. The third day is white and fills the gap between the first two days. The Psychology In a downtrend a gap simply gets filled. As long as the black candles have higher volume than the white, the one white profit taking day for the shorts shouldn't be a big concern. The downtrend should continue if indeed the stock is as weak as it appears. *tomorrows high (resistace16200/ 4750) can be used to add more short.* --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
