ANZ 1.81% $28.71 anz group holdings limited

reversal candle pattern, page-11

  1. 8,028 Posts.
    Hello everyone,

    My position on ANZ has been short and still short.

    Update on ANZ.

    ANZ had an "Evening Star Reversal Pattern last week" and she gapped down on the 19th, today is the 4th session since the gap down, according to Steve Nison from the book Beyond Candlestick. This 3 days gap rule. 4 trading days and the bulls couldn't push her back. ANZ, I believe is bearish, plus daily stochastic is falling down. Once the $25 support breaks, she should drop back to $24 very quickly. Please Note she is also under the EMA 13.

    Take care.
 
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