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New TA/Charting, page-12151

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    As you say ..."Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading."


    Whereas looking at the past 10 days it does give some insight into a trading channel that tends to suggest support at $1.45 - however the fact that the MACD is turning down presents a confluence of differences as to the future direction....smile.png


    https://hotcopper.com.au/data/attachments/5125/5125884-38687786dddf4ddea06738aa093dfd78.jpg

 
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