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Title: Mba

Essay Details:

Subject: Business
Author: Marcie N
Date: June 14, 2014
Level: University
Grade: A
Length: 14 / 4124

Essay text:

However, the second day trades within a small range and closes at or near its open. This scenario definitely shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the black third day, which is given extra validation by the downward gap. : Advance Block Bearish : | |[pic] | |PATTERN : REVERSAL | | |TREND : BEARISH | | |RELIABILITY : Moderate | | | | | How to Identify it : • Three long white days occur, each with a higher close than the previous day • Each day opens within the body of the previous day and closes near the high of the day • Each days body is significantly smaller than the previous days body • The second and third days should exhibit long upper shadows What it Means : In an uptrend three long days occur with consecutively higher closes...

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