Looks like we may get an Evening Star on SPX today. At close of market, it was exactly like ThePatternSite but price going down still.
Confirmation at close of day tomorrow with a candle that opens below the prior candle, and closes at least midway down the body of the day prior (Like Nov. 4th).
“The evening star candlestick acts in theory as it does in reality, as a bearish reversal of the upward price trend 72% of the time. That gives it a rank of 10th, which is high. However, with a 71 frequency rank, it may be a long time before you see one in the bush. The overall performance rank is 4th, and that is top notch. Once the trend begins, it tends to remain trending.” – ThePatternSite
thepatternsite.com/EveningStar.html
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
Confirmation at close of day tomorrow with a candle that opens below the prior candle, and closes at least midway down the body of the day prior (Like Nov. 4th).
“The evening star candlestick acts in theory as it does in reality, as a bearish reversal of the upward price trend 72% of the time. That gives it a rank of 10th, which is high. However, with a 71 frequency rank, it may be a long time before you see one in the bush. The overall performance rank is 4th, and that is top notch. Once the trend begins, it tends to remain trending.” – ThePatternSite
thepatternsite.com/EveningStar.html
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.