Current bearish stocks using patterns

Screening Filters & Rationale

1. GapDown:

   • Purpose: Identify stocks with a significant downward price gap, signaling bearish momentum.
   • Rationale: Gap-down patterns often indicate strong selling pressure or negative sentiment.

2. PriceBelowMA5 and PriceBelowMA20:

   • Purpose: Highlight stocks trading below their short-term (5-day) and medium-term (20-day) moving averages.
   • Rationale: Prices below these moving averages suggest a sustained downtrend and weak price action.

3. DescendingTriangle, HeadAndShoulder, BlackCandlestick:

   • Purpose: Detect bearish technical patterns that indicate potential further price declines.
   • Rationale: These patterns are commonly associated with trend reversals or continuation of a bearish trend.

4. PriceFallBelowSupport:

   • Purpose: Identify stocks breaking below key support levels, confirming bearish sentiment.
   • Rationale: A breach of support often triggers additional selling pressure, reinforcing the downtrend.