We now have a reversal week to work with,so a tradeable setup against last week's high.As it is a "3rd pivot" it raises the chances of a decent move.The previous range was 13662 to 12472 (1190 pts) and the high last week was 13329 so a measured move would be 12139.
This is from American Bulls,although I would have thought it a gravestone doji
This is from American Bulls,although I would have thought it a gravestone doji
It is open to debate whether it's a shooting star, a gravestone doji, or simply a doji. The hard core technical interpretation would leave it at a shooting star, but it's close enough to a gravestone that it's perfectly acceptable to call it a gravestone shooting star.
ReplyDeleteWhat it most certainly is not is a spinning top.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_