catching the bounce (charts), page-56

ewob

today :
open 0.022 = close 0.022

high one pip above open/close .
close one pip below close/open .

today's a star doji to be precise which is a strong indication of indeciveness in the market.

Except the star doji which has the same open/close but different high and low, there are two other doji's which dont have the same open/close - gravestone doji( open close/ and the low are the same but different high ) and dragonfly doji ( open /close and the high are the same but different low ).


Neither the bulls nor the bears won the battle today which stalled the price from going either way. For the bulls to coutinue -the low's of the doji price should be maintained i.e 0.021 .If it crosses the high i.e 0.023 then the bullish pattern is VALIDATED , elsewise its VOID.

Keep an eye on preopen as always.

DISCLAIMER : NOT A LICENCED ADVISOR.