Category Archives: Patterns and Formations

Be Alert To This Pattern On The S&P 500 Chart: It Formed At The December High And Every High Since October

In December we highlighted an interesting pattern of eveningstar reversal formations on the S&P 500 daily chart. We noted that, in both October and November eveningstar patterns had formed on the chart. They had marked important lower highs An eveningstar is a bearish three-day reversal formation, often seen at market tops. It consists of a… Read More »