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Day traders' bring-on-the-weekend lounge April 8 - 10, page-71

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Joannie

11,698 Posts.

676

09/04/22

13:49

Post #: 60758163
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Originally posted by Patterns: ↑

NWE 3.4 began sell signals from 25 March beginning with a large doji which was the first Heiken Ashi candle to have a wick on the downside. That candle also could be seen as a bearish harami which denotes that the buying has stopped. On the 29 March there was a break and close below the 8ema which would have been another sell signal for many. On the 6 Apr there was a break and close below a pivot low which is another sell signal which was also a break and close below the 34ema. Price is still below a swing low, below the 8ema and below the 34ema. Thursday there was a test of the 34ema where it appeared the selling might have stopped but Friday price was driven under the 34ema which is a fail to find support at that important moving average.

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Thank you Patterns. Did I ask for this one, I may have had a senior moment
I actually sold all of mine last week @35.5c.
Will be of interest to others though I am sure.
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