You are correct in picking the three white candles but what is almost as important is where they occur in a trend - these three occurred fairly late and lack the power of those that would appear very soon after a bottom reversal. The decreasing vol. should have also indicated these three soldiers weren't too strong.
The inverted hammer I would also like to see at the bottom of a longer downtrend for it to have a greater influence and perhaps indicate an upward movement.. just my thoughts and my chart.
- Forums
- ASX - Day Trading
- Daytraders Weekend Aftermarket Lounge 22 Sep
Daytraders Weekend Aftermarket Lounge 22 Sep, page-55
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online