rebound, page-4

Friday closed with a gravestone doji – the market is indecisive. The bulls are trying to win back while those sitting in the background are waiting to sell.

Think of it like the traffic lights on a dragstrip. The doji is a yellow light and the next days candle if positive is your green light. If it is a negative day it is a red light.

The gravestone doji is a signal to watch. Usually the next days trading signals if the bulls are going to win.

Friday’s market depth clearly showed the struggle between the bulls and the bears.

1,347,000 @ 0.020
1,163,157 @ 0.021
3,979,000 @ 0.022
200,000 @ 0.021
36,000 @ 0.020
350,000 @ 0.021
2,852,766 @ 0.022
599,900 @ 0.021
1,000,000 @ 0.020

Rgds