SPDR S&P 500 (SPY)

[Sean93]

to bridgeofsighs,

yes, the 3 declining candlesticks should be contained within the first body of the long up day candlestick, however, the pattern confirmed itself with a long up day on the 5th day. The 5th day is also supposed to break anew high, which it hasnt yet.

The pattern looks very likely, and is just one of many signals that call for some upside. If you were to be long SPY based on this pattern itself,however, it would be mere speculation.

I call for upside based on other facts as well, not just candlesticks patterns.

Your input is appreciated, though.