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Running Commentary on the SP Movements., page-6735

  1. 8,133 Posts.
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    Semantics perhaps but....

    1) Your bearish 3 (or 3 black crows) looks more like a rising 3 method due to the bullish candlestick following the 3 red days.
    2) Your dark cloud cover didn't penetrate past the mid way point of the previuos candle although the sp did retrace. You can see that on your stochastic where the sp made a new high but the stochastic did not.
    3) The doji on the 9 day MA? suggested some indecision between buyers and sellers. The following day produced a bearish engulfing candle confirming bears with the upper hand.
    4) Your hammer has quite a long real body but looks to have found some support on the mid section of the bolly bands (around 24c) Might find support around these levels.

    Goodluck

    *I am not a holder.

    View attachment 827966
    Last edited by GoNuke: 15/11/17
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