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TA Challenge: Find bearish candlestick patterns and win cash rewards!
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Bearish candlestick patterns

Bearish candlestick patterns
Bearish candlestick patterns are either a single or combination of candlesticks that usually point to lower price movements in a stock. They typically tell us bearish reversal patterns - where uptrends reverse to downtrends.
Hanging man
The hanging man is a single candlestick pattern. There was an uptrend before the hanging man occured. The hanging man has a long lower wick and the price closed near the day's high. The gap down the next day confirmed the bearish reversal. Bearish confirmation means further downside follow through, such as a gap down, long black candlestick or high volume decline. Because candlestick patterns are short-term and usually effective for 1-2 weeks, bearish confirmation should come within 1-3 days. $Li Auto(LI.US)$ below shows the hanging man pattern. The bearish MACD crossover confirmed the bearish reversal but only occurs a few days later because the MACD is a lagging indicator.
Bearish candlestick patterns
Bearish engulfing pattern
This is a 2-candlestick pattern where price opened above the preceding candle, then commenced to sell off forcefully. The body of the candle completely "engulfed" the prior candle, and should close below it. Further weakness the next day provided bearish confirmation of this reversal pattern. The bearish MACD crossover confirmed the bearish reversal. $NIO Inc(NIO.US)$ below shows the bearish engulfing pattern.
Bearish candlestick patterns
Evening star
This candlestick pattern consists of 3 candlesticks: a large bullish candlestick, a small-bodied candle, and a bearish candlestick. The 4th bearish candlestick is a bearish confirmation. The bearish MACD crossover confirmed the bearish reversal. $VinFast Auto(VFS.US)$ below shows the evening star pattern.
Bearish candlestick patterns
Three black crows pattern
This is 3-candlestick pattern that is formed when the sellers exert bearish forces and make the prices fall for 3 consecutive days. Traders should take the help of volume and MACD crossover for confirming the formation of this candlestick pattern. $Tesla(TSLA.US)$ belows shows this candlestick pattern. It also showed the MACD and RSI divergence where they fell although the price was in an uptrend. The buying momentum was waning. The bearish trend reversal was confirmed with an evening star pattern.
Bearish candlestick patterns
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