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Thrusting Bearish
Trend: Bearish
Reliability: Low
How to Identify it
- The first day is a long black day
- The second is a white day that opens below the low of the previous day and closes into the body of the previous day, but below the midpoint
What it Means
The Thrusting pattern is a weaker relative of the On Neck and In Neck continuation patterns. A rally is built by the second day, and closes well into the body of the previous black day. However, since the second day’s close doesn’t even reach the midpoint of the first day’s body, the bulls will likely be discouraged and the downtrend will continue.
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