A bearish chart pattern is warning that the S&P 500 index’s longest weekly win streak in a decade is set to burn out, setting up a pullback that technicians say could take the index down at least 5% from current levels, and possibly a lot …
The eMini futures actually had a breakout setup for Wednesday, as Tuesday was an NR4 and a doji day. However ... Last night’s session low was 2458.50; as we …
This shape signifies that price opened and closed at approximately the same level. A common doji looks like a plus sign. It takes this shape because the stock trades in a small range, opening and closing at nearly the same level. The …
As an example using the Doji for decoding Candlestick Charts, the Doji can be a resting day candle and the stock will continue moving down, OR the Doji can be an exhaustion pattern in which the stock will reverse, OR the Doji can …
While increase in trading volumes are generally bullish, the stock candlestock of Fu Yu stock yesterday was a “doji”. The stock price went to an intra-day high of $0.22 before closing at $0.21. If yesterday’s stock price candlestick of Fu Yu …
But the details of how the stock traded intraday suggest a new short-term downtrend may be looming. In candlestick charts, which were developed in Japan more than 200 years ago, that is a classic "doji" pattern, which translates to "at …
Also, the doji should be at a support or resistance area. Here is an example: This stock formed a doji after consecutive up days and moved right into a previous support area at $17.50. We know that a support area can become resistance …
On a technical level, yesterday’s price action was indicative of essentially nothing but a lack of commitment, and can be clearly seen on the daily chart patterns. Each of the major indices formed an inside day, which occurs when the …
Use a stock screener. You need to get yourself a stock screener ... The most reliable candlestick patterns for timing trend reversals are the Doji and Hammer (or any candlestick with a long lower shadow). Doji The reason the Doji is such a …
On both charts, we’ve seen two weeks of Heikin Ashi indecision/doji bars and this calls for patience while ... 144 which has been in uptrend for some time. Overall …