| Candlestick
F. Tam Inside Out Down
Bearish
Reversal - Potential Sell Signal
The
F. Tam "White Inside Out Down" pattern is
one of a group of patterns the Japanese did not include
in the original candlestick teachings. This pattern
is a highly filtered pattern in the PFP programs and
commonly leads a sell off in market price.
This
type of pattern is similar (in some ways) to a Dark
Cloud Cover pattern or an Inverse Piercing
Line pattern. Investors should wait for confirmation
before acting on this signal, unless an aggressive trading
stance is needed.
Aggressive
traders should sell short this pattern with a stop above
the highs of this pattern. Conservative traders should
wait for confirmation and adjust any long stops to protect
trade equity.
CONTINUE
|