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Wincreaseteam
Sep 29, 2014 11:08 AM

$SPX rising wedge contains an Evening Star Pattern Short

S&P 500SP

Description

The SPX formed an Evening star pattern when it created its rising wedge pattern. The pattern was then confirmed with a move lower the following day. The large green candle that formed after the confirmation candle was then sold off again. This is usually a signal that future rallies will be sold off. A chart pattern and a candle pattern have aligned to possibly show the official trend change.
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