Chart - Failure to breakdown, page-8

totoschillaci
Its not a standard doji if the wick is 6c and the tail is 18c! The tail is 3 times longer than the wick!
Your pictoral example is wrong.
It is a clear dragonfly doji as it ended up higher on open close than the tail length. This means the selldown was met with buying up and the wick means it exceeded the open close even at one point so the buying was better than expected. The doji point being the balance point was well higher than the tail length.

In any event, the green bar was reversed by the red bar today.
4.66 - 4.75 is the resistance point
Last time the 4.55 intra day lows was met with a large buyup back to 4.75 and overshoot to 4.83 then back to 4.75.
Still the TA experts wait for confirmation of trend - either a sign of bottoming out or another false bottom like at 6.50 & 5.50.
In any case I have been calling 3.00-4.50 bottom out level so I don't think the bottom is here so Im still bearish but the chart patterns are showing some more serious resistance 4.60-4.80 than I thought.
Wait to end July