URE, FAS & TNA all Develop High-Priced Bearish Harami Patterns: Consolidation vs. Reversal

A small bodied red candlestick, signifying volatility contraction, followed a long white candlestick. The short candlestick's body is fully within the prior candlestick's body. This is a Bearish Harami Pattern which may signify a reversal. A consolidation is more likely than a reversal because: 1. The long candlestick is white rather than red: 2. The small bodied candlestick is not a doji: 3. The top wick of the small bodied candlestick (red arrow above dashed blue line) is not contained within the long white candlestick's body, and: 4. The short candlestick's body is greater than half way up the body of the prior long white candlestick (blue arrow above solid blue line). The latter is called a High-Priced Bearish Harami. If these ETF's develop large red bodies that close below the first white candlestick tomorrow, these 3 ETF's should be sold. DISCLAIMER: OPINIONS EXPRESSED ARE NOT TRADING RECOMMENDATIONS. ONLY THE INDIVIDUAL TRADER HIM OR HERSELF IS RESPONSIBLE FOR ANY MONETARY GAINS OR LOSSES THAT MAY OCCUR. PLEASE CONDUCT YOUR OWN DUE DILIGENCE. MARKET OPINIONS EXPRESSED ARE FOR ENTERTAINMENT PURPOSES ONLY.