"Bearish three inside down" candlestick

Discussion in 'Technical Analysis' started by frank99, Jul 6, 2006.

  1. frank99


    I'm new to technical analysis with candlesticks and I'm trying to learn with real examples of stocks that I'm monitoring.

    Does a "Bearish three inside down" mean that a reversal is going to happen?

    I'm looking at KONG.


  2. =============
    Frankly Frank ;
    KONG in lined up more or less with general market ,SPY,ES ;
    good reversal point =5oday moving average area , that was last MAY,2006
    [1year candle chart.]

    Wisdom is profitable to direct;
    as William O Neil teaches,75% of stocks follow general market

    William O Neil books =excellant.
  3. Frankly Frank;
    probably could find a reversal pattern if you wanted to enough,
    3 monthly candles down would be a reversal in most books:cool:

    And most of KONG trends are down, but short or long;
    watch for short covering @$6.00,[ and or 5.00 ,a fibo number.....]

    Interesting , they changed thier name;maybe to rhyme with Hong Kong

    And If ES or SPY,YM,DIA got that low ,[ probably not] , but round numbers principle can be same. Not a prediction.
  4. frank99


    Murray T Turtle,

    Thanks very much, I appreciate the reply.