BIDU appears to be in a large horizontal trading pattern.
This is a neutral pattern until a trendline is broken.
Some swing trade inside the rectangle.
The evening star is the opposite of the morning star pattern and is fairly reliable (like dark cloud clover) in predicting at least a short term reversal. It is considered a bearish reversal pattern and is found at a top.
Large bullish green candle on day 1. Small bullish or bearish candle on day 2 and the body should gap above the candles below it. It does not matter if the small candle on day 2 is red or green. This middle candle is a Doji (little or no body) or a spinning top (small body) as a rule.
Large bearish red candle on day 3 which completes the 3 day pattern.
No recommendation
Targets below the rectangle are targets down and vice versa.
This is a neutral pattern until a trendline is broken.
Some swing trade inside the rectangle.
The evening star is the opposite of the morning star pattern and is fairly reliable (like dark cloud clover) in predicting at least a short term reversal. It is considered a bearish reversal pattern and is found at a top.
Large bullish green candle on day 1. Small bullish or bearish candle on day 2 and the body should gap above the candles below it. It does not matter if the small candle on day 2 is red or green. This middle candle is a Doji (little or no body) or a spinning top (small body) as a rule.
Large bearish red candle on day 3 which completes the 3 day pattern.
No recommendation
Targets below the rectangle are targets down and vice versa.
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