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A bearish reversal bar would be the opposite.
en.wikipedia.org If the current index drops below the bull-bear line, some investors believe the market turn bearish from bullish.
en.wikipedia.org This strategy is generally considered very bearish but it can also serve as a neutral/bullish play under the right conditions.
en.wikipedia.org The bear call spread and the bear put spread are common examples of moderately bearish strategies.
en.wikipedia.org Conversely, a higher reading (1.02) of the ratio indicates a bearish sentiment in the market.
en.wikipedia.org