SBILIFE Daily Bearish SHARK pattern didn't completed yet is price going to touch point D ?
Top Reversal is two bar Sign of Weakness. First bar is widespread up bar closing on/off the high with high volume -supply swamping demand or low volume -no demand. The high and the close are higher than the previous few bars. The second bar is widespread down bar closing on/off the low on higher or lower volume than the first bar.
As second bar close & low are lower than the first bar low, on volume higher than the first bar volume, it shows effort to go down is successful & second bar high is higher than the first bar high it shows additional weakness. It shows immediate weakness (Effort vs Result) & can be traded immediately on first No Demand or Up-thrust
Sell
