Pathshala: Bearish Low Reliability Candlestick Patterns

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<span style="color: red;"><b><span style="font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> Bearish Low Reliability Candlestick Patterns</span></span></b></span><br />
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<span style="color: red;"><span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. Bearish Belt Hold. 2. Bearish Hanging Man. 3. Bearish Shooting Star. </b></span></span></span><br />
<span style="color: red;"><span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4. Bearish Harami.</b></span></span></span><br />
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<span style="font-size: large;"><span style="color: red;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b> </b></span></span></span><span style="color: red;"><span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b><span style="color: red;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>1. Bearish Belt Hold.</b></span></span></b></span></span></span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDmUK55OHSg-9-FFO90gn0HQxVdQscOc77SdEPE4ZIMTzdAnSHx0MT_Uh2Xvz6aCGjGfaguVNXMkhV_Svl_wEHo9-C8QJgbsRkFiB7uiZQRDqSjHuBb911QZItTo4m-vgSdtRiBmy0Fbc/s1600/bearishbelthold1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDmUK55OHSg-9-FFO90gn0HQxVdQscOc77SdEPE4ZIMTzdAnSHx0MT_Uh2Xvz6aCGjGfaguVNXMkhV_Svl_wEHo9-C8QJgbsRkFiB7uiZQRDqSjHuBb911QZItTo4m-vgSdtRiBmy0Fbc/s200/bearishbelthold1.jpg" width="148" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: small;"><b><span class="bodybldblue">Pattern:</span>  reversal<br />
 <span class="bodybldblue">Reliability:</span> low <br />
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 <span class="bodybldblue">Identification</span></b><br />
 A black day occurs with no upper shadow and a close near the day's low.<br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: small;"><b><span class="bodybldblue">The Psychology</span></b><br />
 The Belt Hold occurs fairly often and is not very reliable. The fact 
that the day's opening price holds as the high of the day and the stock 
trends down all day leans bearish, but one really needs to note the 
overall trend and receive confirmation with an additional down day.</span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhifVWPFGxWT0eIc7Y6-uW3CMTqh7TL3ejGfClnNSvK0EVT7M5CT1kUb-cTdBVuZ_Jhj7-ll-hlAb3bi7nNsCIANU4uE5I_u4GrNTDN79bUh9ob8Za1nDHuXk2NFbAD5yNHDoN2PfmakZ0/s1600/1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="378" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhifVWPFGxWT0eIc7Y6-uW3CMTqh7TL3ejGfClnNSvK0EVT7M5CT1kUb-cTdBVuZ_Jhj7-ll-hlAb3bi7nNsCIANU4uE5I_u4GrNTDN79bUh9ob8Za1nDHuXk2NFbAD5yNHDoN2PfmakZ0/s640/1.PNG" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgylkL1YrudIHm7ekrexKBha4XBYGBmkyQRQ7e2167bVr_mJfPVVK4MaXtbNLXQtx0RdwlXKKP9A_66rGvTynQgsJDYaivz0izJwx_M98nMlzwkjBwPIhyphenhyphenE_Tjs9_tu95xlx84PeUm5kPo/s1600/2.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="378" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgylkL1YrudIHm7ekrexKBha4XBYGBmkyQRQ7e2167bVr_mJfPVVK4MaXtbNLXQtx0RdwlXKKP9A_66rGvTynQgsJDYaivz0izJwx_M98nMlzwkjBwPIhyphenhyphenE_Tjs9_tu95xlx84PeUm5kPo/s640/2.PNG" width="640" /></a></div>
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<span style="font-size: small;"><span style="color: red; font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>2. Bearish Hanging Man.</b></span></span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPj-GNI-icV5ACSppsifDj9TQuGMxhTDFss4Si7RHCpHENjNMzRiIGDmDL2V-FkEmT7uKuUBJ7RBybo7Mij7bqHGBqXL7pRLnaAdisQZr7GyB0GAuv3g7KGCSRgA54_10Y7XOAGDNcsHk/s1600/hangingman1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPj-GNI-icV5ACSppsifDj9TQuGMxhTDFss4Si7RHCpHENjNMzRiIGDmDL2V-FkEmT7uKuUBJ7RBybo7Mij7bqHGBqXL7pRLnaAdisQZr7GyB0GAuv3g7KGCSRgA54_10Y7XOAGDNcsHk/s200/hangingman1.jpg" width="149" /></a><span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><span class="bodybldblue">Pattern:</span>  reversal<br />
 <span class="bodybldblue">Reliability:</span> low/moderate <br />
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 <span class="bodybldblue">Identification</span></b><br />
 A small real body forms at the upper end of the trading range with a 
long lower shadow (the longer the more bearish) with no, or almost no 
upper shadow. 
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<span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b><span class="bodybldblue">The Psychology</span></b><br />
  In an uptrend or within a bounce of a downtrend, a sharp intraday 
sell-off is followed by a reversal which causes the stock to close near 
its opening price near the day's high. Although the stock recovers from 
its intraday sell-off, it suggests the bulls are starting to lose 
strength, and a reversal may occur. The pattern is a slightly more 
reliable if the real body is black. A weak following day on solid volume
 is still needed to confirm the pattern. </span></span>
  <span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
  The bearish Hanging Man is similar to the bullish Dragonfly Doji and bullish Hammer. 
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Bearish Hanging Man candles form very often so you need to use other 
indicators to confirm potential moves. Here BBBY formed a Hanging Man 
candle that was followed up by a bearish Engulfing stick. That's a good 
one-two combination to play. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">After making a higher high DPH formed a bearish Hanging Man candle on 
strong volume and was followed a filled candle that confirmed the 
reversal of the uptrend.  </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhfm_XCl3yQ06rEa7l3XmqFKsTAEv2_R19fApRq_CkeI3lqsLMr0YahVWti-TTJH4NSJyumjA3Ic0Pz85tiDz550uNcRkASNr6NzqbVZwzuq8adz9L2Ao0IPIu8KfPhWyiec2TN3LUkKg/s1600/5.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="378" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhfm_XCl3yQ06rEa7l3XmqFKsTAEv2_R19fApRq_CkeI3lqsLMr0YahVWti-TTJH4NSJyumjA3Ic0Pz85tiDz550uNcRkASNr6NzqbVZwzuq8adz9L2Ao0IPIu8KfPhWyiec2TN3LUkKg/s640/5.PNG" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"> Here is a bearish Hanging Man candle that would be best used to exit a 
long position rather than as a short entry. The stock is simply too 
strong to short unless you are a very slick short term trader. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: red;"><span style="font-size: small;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>3. Bearish Shooting Star. </b></span></span></span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPWT6W9TaakfMfqWNeT0R60WVyJoY9bmE0x99dqIiqGmmsilQ7VMsGxu6xWXyBDVu966yIQ97IcNlrYweVLa442OtKN4I91xLqyqdCloKUFj8dfOCxzzoVJGVoM7cvWV0dvrwpTGa8DRc/s1600/shootingstar2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPWT6W9TaakfMfqWNeT0R60WVyJoY9bmE0x99dqIiqGmmsilQ7VMsGxu6xWXyBDVu966yIQ97IcNlrYweVLa442OtKN4I91xLqyqdCloKUFj8dfOCxzzoVJGVoM7cvWV0dvrwpTGa8DRc/s200/shootingstar2.jpg" width="150" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: small;"><b><span class="bodybldblue">Pattern:</span>  reversal<br />
 <span class="bodybldblue">Reliability:</span> low/moderate <br />
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 <span class="bodybldblue">Identification</span></b><br />
 A small body forms at the lower end of the trading range. The upper 
shadow is usually long while the lower shadow is small or almost 
nonexistent. 
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><span class="bodybldblue">The Psychology</span></b><br />
  In an uptrend or within a bounce of a downtrend, the stock gaps up. A 
valid attempt is made to rally the stock, but the strength subsides and 
the stock falls to close near the day's low and near its opening price. 
Failure to follow through with strength suggests the bulls may be losing
 strength. Although this is not necessarily extremely bearish, it is 
less bullish, so stops should be moved up or profits taken on longs. For
 a reversal to occur a weak day is needed to confirm the pattern. </span>
  <span style="font-family: "arial" , "helvetica" , sans-serif;"><br />
  The bearish Shooting Star is similar to the bullish <span style="color: black;">Inverted Hammer, bearish Gravestone Doji, and bullish Gravestone Doji. </span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinVvCM1UqoByzram_tiNnWfzSQaTbamMBHrUp7xHGQvrBkRYy4H3_wNj9KVyVBR7ILC32zs25qWw810IlcS7LsOb755lpfKbVYU4nNVN87558C3leORwStf9T8YmIQFqCbyDNeGUdwloQ/s1600/6.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="378" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinVvCM1UqoByzram_tiNnWfzSQaTbamMBHrUp7xHGQvrBkRYy4H3_wNj9KVyVBR7ILC32zs25qWw810IlcS7LsOb755lpfKbVYU4nNVN87558C3leORwStf9T8YmIQFqCbyDNeGUdwloQ/s640/6.PNG" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"> Here is an example of how a bearish Shooting Star can be used to pick 
the top of a range. BMY was trading aimlessly without much conviction in
 either direction, so a buying the bottom and selling and selling short 
the top would provide profits for the patient trade. After the stock 
bounced from 25 to over 27, it was a Shooting Star candle that signaled 
the top</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZ0iDO4ZGUhRsuCxyij3Lc9WsuAmbgi8SurBwbhBtBkFx0VZFXelW5Pjj0Rb-1YZ5TFaJEmllcCkZ0xyeuY2XEEQ7cFfOMQ5pEjNPLUxNAlpEyGLOBZ8d88qT9lFbZWpuZsb1UDOeNVOM/s1600/7.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="378" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZ0iDO4ZGUhRsuCxyij3Lc9WsuAmbgi8SurBwbhBtBkFx0VZFXelW5Pjj0Rb-1YZ5TFaJEmllcCkZ0xyeuY2XEEQ7cFfOMQ5pEjNPLUxNAlpEyGLOBZ8d88qT9lFbZWpuZsb1UDOeNVOM/s640/7.PNG" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Shorting a Shooting Star pattern at the end of a high volume rally is 
very risky, but if the candle forms at resistance (notice 17 was the 
previous high) like it did here with NEOF, the reliability of a 
successful reversal significantly increases. </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFCj88Lyc1fsVqwXm3nrB5EAYjVAiJAPQ7sTit11gyN9INv9lnjUlm1EPJVlbzbz7inYyUOC7ofhvtmXvHVlncmRyx3LCcz0vDaOJM_fzRnD1GNRhjR2Mw94z_hASPelGKpPwzU8t4rrw/s1600/8.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="378" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFCj88Lyc1fsVqwXm3nrB5EAYjVAiJAPQ7sTit11gyN9INv9lnjUlm1EPJVlbzbz7inYyUOC7ofhvtmXvHVlncmRyx3LCcz0vDaOJM_fzRnD1GNRhjR2Mw94z_hASPelGKpPwzU8t4rrw/s640/8.PNG" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Here's a risky play. DCLK was in a good uptrend when it formed a bearish
 Shooting Star candle. It's a sign that longs should look to take some 
money off the table, but only aggressive traders should look to short 
such a strong stock.</span>  </div>
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<span style="font-size: large;"><span style="font-family: "arial" , "helvetica" , sans-serif;"> </span><span style="color: red;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>4. Bearish Harami.</b></span></span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxkrJ_OUEqHvhevZA0ysNZ7aSX_NvFdC0375kE6T3YUIP19K5_o-H-IK6MtY92G82txff1DElDOjIhsp3R0yYYUd-6zBw0ZH8cjHu1oNOhPyDnGqbq12qLV-h-DexSNzUOI08PpqzOwxg/s1600/bearishharami.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxkrJ_OUEqHvhevZA0ysNZ7aSX_NvFdC0375kE6T3YUIP19K5_o-H-IK6MtY92G82txff1DElDOjIhsp3R0yYYUd-6zBw0ZH8cjHu1oNOhPyDnGqbq12qLV-h-DexSNzUOI08PpqzOwxg/s200/bearishharami.jpg" width="148" /></a><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: small;"><b><span class="bodybldblue">Pattern:</span>  reversal<br />
 <span class="bodybldblue">Reliability:</span> low <br />
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 <span class="bodybldblue">Identification</span></b><br />
 A long white day is followed by a black day that gaps down and is completely engulfed by the real body of the first day. <br /> </span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: small;"><b><span class="bodybldblue">The Psychology</span></b><br />
  In an uptrend or within a bounce of a downtrend a long white day 
occurs. The next day's gap down comes as a surprise to bulls who thought
 they were sitting on a great position the previous day. Reliability of 
the bearish Harami is low, so a weak following day is needed for 
confirmation. </span></span>
  <span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: small;"><br />
  The bearish Harami could be the first two days of bearish <span style="color: black;">Three Inside Down. </span></span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Bearish Harami formations carry low reliability but when they occur at 
resistance like with APH, reliability increases and the risk/reward 
tradeoff shifts to a more favorable level.  </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzEOSB1lj0p0_8CKGiZM9yzCxHYX-Sw8GZ8bXrhChJ3OoK3p7jdx__XgF6vHE8CxwvGgJdU-x5shhQJL6UjbmbBPMVpLr4IPZSFMNq_xtPav4PPIVtwNCGxbdM3-LuxzT9cRGUhPrzvA8/s1600/10.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="378" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzEOSB1lj0p0_8CKGiZM9yzCxHYX-Sw8GZ8bXrhChJ3OoK3p7jdx__XgF6vHE8CxwvGgJdU-x5shhQJL6UjbmbBPMVpLr4IPZSFMNq_xtPav4PPIVtwNCGxbdM3-LuxzT9cRGUhPrzvA8/s640/10.PNG" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Here is an example of a bearish Harami forming right at resistance. This
 situation offers the safest entry on the short side because your risk 
to the upside is small while your potential gain is great because the 
stock will likely trade back to support. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">AA also formed a bearish Harami at resistance. Notice the lack of volume
 on the rally up to the previous high. That's hint #1 that the stock has
 limited upside potential. When the stock got rejected and dropped on 
big volume and then gapped down the next day, the Harami candle was 
confirmed, and the stock did indeed reverse course. </span><span style="font-family: arial, helvetica, sans-serif; text-align: center;">  </span></div>
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Bearish Low Reliability Candlestick Patterns 47. Bearish Low Reliability Candlestick Patterns

Bearish Low Reliability Candlestick Patterns 1. Bearish Belt Hold. 2. Bearish Hanging Man. 3. Bearish Shooting Star. 4. Bearish Harami...