CFR cluff resources pacific nl

geos report coming on time , page-65

  1. 5,352 Posts.
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    Where's vulture I though he would be all over this- it's official the gap has been filled now upwards and onwards.

    A close back to open the price will represent a bullish dragonfly doji:

    The Bullish Dragonfly Doji Pattern is a rare single candlestick pattern that occurs at the bottom of downtrend.

    * A candle forms with a very small to almost nonexistent body with a long lower wick
    * The lower wick is at least twice as long as the candlestick body
    * Little or no upper wick

    In a bearish trending market the dragonfly illustrates an unsustainable sell-off, where price drives up to new lows, but buyers take control of the trend by market close.

    Although this formation is a moderate to weak signal, it is a warning for longs that the downtrend is losing momentum and bull may retake the market soon. The Bullish Dragonfly Doji is more reliable than a Bullish Hammer and it tends to be a stronger bullish signal.

    JB



 
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