good morning Bustech,
stocks seem muted
Morning SD
Mght be another range bound day.
good morning Bustech,
stocks seem muted
Morning SD
Mght be another range bound day.
865 = next rung in ladder
strange daily candle for dow cash yesterday
hanging man?....could just be a test of 130ish? testing bottom up july30/aug7 top down since aug 8.....i have 13129 as a fib level but i don't usually look at the dow
FTSE div a lot smaller this week, forecast for 11.7 points at close of business for Tuesday.
i wonder if there is an auto candle analyser on web, it will tell us
Here is a quote from Barjon a few days ago about hanging man
Quote:
Originally Posted by hereward the wake
.........................Reversal...........
Not necessarily. The theory is that a lower opening traps the "late" longs from the day before which causes downward pressure as they liquidate. That pressure accelerates successively as the longs that brought the price up from the bottom the day before liquidate in turn.
We haven't had that initial "trigger" of the lower open today.
Need to see it on the directly tradeable futures really.
Also the tail is not long enough imo .... HTW
Hong Kong strong into the close, should keep the FTSE higher until 9am