Why is the on neck line and spinning top bearish
why isnt it like a doji star reversal
Its very close to being outside the Bollinger Bands as oversold
It closed marginaly white..
previous low was a 122 shadow only..
Heres the supposed on neck line psychology
Pattern Psychology
After a market has been moving in a downward direction, a long black candle enhances the downtrend. The next day opens lower, a small gap down, but the trend is halted by a move back up to the previous day's low. The buyers in this upmove should be uncomfortable that threre was not more strength in the upm,ove. The sellers step back in the next day to continue the downtrend.
obviously Im looking for a technical bottom..
any comments? apart from where the candle may fit..?
cheers
where is Haspete today![]()
Why is the on neck line and spinning top bearishwhy isnt it like...
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