Bearish Engulfing Pattern in the Nasdaq 06/29/2010

A Bearish Engulfing Pattern is typically a strong signal that occurs on stock charts. It is a pattern recognized while using Japanese Candlesticks as your chart type.

If you have been paying attention to the charts lately, you may have noticed this formation. If not, or even as a review and to get some additional insight, the video below shows where exactly this occurred, recently and in the past.

By studying past examples, you'll be able to see what generally occurs in most cases in the days and weeks after this pattern forms. Here's an introduction and links to watch the Market Club Video and learn more about this topic:

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Does this one chart line spell doom for the markets?

Make no mistake about it, last week was a very important week for the stock market. Looking on the weekly equity charts, you will see one of the most powerful Japanese candlestick lines. This one line on the chart indicates that there could be some major problems ahead for the stock market.

In my new video I explain what this line is and how it can play out in the short and longer-term time frames.

Check out the free video here:

As always our videos are free to watch and there is no need for registration. I would really like to get your feedback on our Free Trader's Blog on this powerful formation and what you see for the markets ahead.

All the best,
Adam Hewison
President of INO.com
Co-creator of MarketClub

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