$RSX chart - BEARISH KICKING reversal pattern formed Fri. - 200 DMA @ 19.79 $Key resistance level to break - the 50 DMA @ 17.10 is the $key level to hold - the 50 DMA bullish crossed the 100 DMA -Fast Sto & RSI corrected from overbought levels -MACD starting to hook -
Definition
This pattern consists firstly of a white Marubozu and then a black Marubozu. After the white Marubozu, the market opens below the prior session’s opening, forming a gap between the two lines.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.