$$$Ospreyeye: Charts, Technical Analysis & Japanese Candlestick Patterns$$$

[hockeypond]

Ospreyeye....need a little clarification

"Bearish Reversal Pattern" in layman's terms is that a time to buy? This is not as simple as one would think....

Is this a good expanation for the new students, such as me.

In technical analysis, any pattern on a chart that indicates a previous trend is changing to a new trend. Generally speaking, any trend in which the highs are lower than the previous highs is a bearish reversal pattern, while any trend in which the lows are higher than the previous lows is bullish. However, some reversal patterns are more complex. Examples include a head-and-shoulders pattern and an outside reversal.