This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 5 February 2012
Weekly candle reversals are amongst the most reliable medium term indicators ,I think.This one is not encouraging for the bears,I have to say !
So disregard the candle from 2/16/07, 7/13/07, 4/23/10 and 7/22/11 is what you are saying.
When you fail to pick out the times it doesn't work the analysis doesn't seem so correct. It is a good indicator at bottoms but a terrible indicator at tops.
So disregard the candle from 2/16/07, 7/13/07, 4/23/10 and 7/22/11 is what you are saying.
ReplyDeleteWhen you fail to pick out the times it doesn't work the analysis doesn't seem so correct. It is a good indicator at bottoms but a terrible indicator at tops.
The May high was a bearish engulfing which I omittedto arrow .The high after that was an evening star reversal pattern
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