Hi Sally
Sorry to here about the Knee. I cringe at the thought!
Glad to see you and your TA back on the air waves or should that be Cyber-Elliott waves.
I an not sure on your thoughts on candle stick patterns but I would hazard a guess at the following being the current situation. Tonight will tell !
Doji Star
Pattern: reversal
Reliability: moderate
A long black day is followed by a Doji that gaps in the direction of the trend. The shadows of the Doji should not be long.
The Psychology
In a downtrend or within a pullback of an uptrend, the market gaps down but does not continue its downward movement. Instead enough bulls step up to bring supply and demand back into equilibrium and the stock churns in place. The halt of the downtrend signifies the possibility of a reversal, so confirmation is needed with a strong third day (preferably with volume behind it).
The bullish Doji Star could be the first two days of the bullish Morning Doji Star or the bullish Abandoned Baby.
thursday, page-20
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |