GXY 0.00% $5.28 galaxy resources limited

Galaxy... GXY... Chart..., page-4346

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    http://thepatternsite.com/TweezersTop.html

    "Tweezers top candlesticks are simple to find in a historical price series. Just look for two adjacent candles with the same high price in an uptrend. Candle theory says that the pair is supposed to be a bearish reversal because it illustrates overhead resistance, but my tests show that tweezers tops actually act as bullish continuations 56% of the time. That performance is, of course, near random. Thus, expect the breakout to be in any direction. With an overall performance ranking of 81 (where 1 is best), that suggests the price trend after the breakout is weak."

    Historical Resistance currently being tested at 49.
    Last edited by Upstart777: 10/05/17
 
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