Candlestick shape · 3 bars · ▼ bearish
Definition
The textbook label for this shape is ▼ bearish. The label describes the shape; it is not an instruction.
QuantZ does not claim this shape has predictive value. The detector reports that the bars met a definition; it says nothing about what follows.
The rule the detector applies
long up bar; short-bodied bar whose body gaps above it; down bar closing below the midpoint of the first body; after a rise
Thresholds are named by the option key the code reads. The values below are the ones the detector ships with, read at render from its defaults; every ratio is measured against the bar’s own range or the trailing average body, so the same numbers apply to a low-priced stock and to a high-priced coin.
- bodyAvgPeriod = 14
- longBodyRatio = 1
- shortBodyRatio = 0.5
- trendLookback = 5
Prior trend
required · A prior move is required: the rule reads the bars before the shape, and the shape is not reported without it.
Counted once with
Several names can describe one bar. This one belongs to the evening-star family with Bearish abandoned baby, Evening doji star; anything that tallies patterns counts the family once per bar, so one candle never reads as several detections agreeing.