Ann: September 2020 quarterly update, page-26

Still thinking about this hanging man reversal candle thingy. Thinking aloud helps me to understand- maybe it might help someone else as well. The ignore button is somewhere if you need it.

So, in my own words, what it refers to:

When an SP is in an upward trend, and on day one the opening, highest and closing prices are reasonably close together and sometime during that day the price fell significantly (more than the difference in opening, highest and closing) and then recovered to about the other three prices- and volume was high on that day-

then subsequently, on day two, the SP fell

then the combination of events on day one and the SP fall on day two- together-

make you confident, all else being equal, that on days three and subsequently the upward trend could reverse.

I think that is it.
Otherwise, the fall on day one by itself is a dip in an upward trend- as in buy the dip- or by itself the SP fall on day two could be a buy the dip moment.

Enough. sorry, Friday night and you are about to go out.

TTFN