How to Identify it
· The first day is a long black day
· The second, third, and fourth days have small real bodies and follow a brief uptrend pattern, but stay within the range of the first day
· The fifth day is a long black day that closes below the close of the first day
What it Means
In a downtrend, a long black day occurs, following by three days of small real bodies that fall into a short uptrend. On the fifth day, the bears come in strong to close at a new low. This small uptrend, in between two long black days, is consistent with investors taking a break. The downward should continue.