Yo chart pattern guys: what pattern is this?

Discussion in 'Trading' started by 1a2b3cppp, Aug 10, 2011.

  1. Last 3 days on SPY.

    Like the opposite of bullish engulfing. What does this mean?

    [​IMG]

    edit - whoops I didn't make the lower wick quite long enough on the 3rd candle.
     
  2. spd

    spd

    That'n there be some chop.
     
  3. TBH looks like a bearish downwards wedge but will obviously need some more days to confirm
     
  4. clunk

    clunk

    Two failed hammers = margin calls everywhere
     
  5. Bob111

    Bob111

    пиздец подкрался незаметно
     
  6. If the bottom wicks of candle 1 and 3 are the same, I see a low risk buy here. Put stop below low of candle 2....to be a bit more daring would be to reverse on that stop..
    This is just a 1 or 2 day trade
     
  7. baro-san

    baro-san

    Down trend + Pennant
     
  8. fucking crept quietly


    :D

    the pattern calls bull caca
     
  9. toc

    toc

    i don't do the candlesticks but it looks like sp500 is due for another horrendous move down. may be down to 1000 to 1020 area.

    :D
     
  10. joneog

    joneog

    Dashed Hope
     
    #10     Aug 10, 2011