barjon
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bonsai - a dot every 2 minutes?
Now to candlesticks, hope my painting playing about works or
I'll be writing a lot for nothing.
Monthly
Thought you might be impressed with how well candlesticks
called the bottom with a long legged doji.
Otherwise the most notable feature is the narrow open/close
range each month over the last six months. This shouldn't
last much longer and a major break must be on the cards soon.
But which way? Well this months candle is a small shooting star
(not fully printed yet 'cos Nov not finished yet - I know but that's
computers) which is bearish unless the price action moves above
its high. If it does Fib50 resistance is in sight. If the action is down
a close below the shooting stars low will confirm bearishness, but
it may be too late by then if it's a major move
Weekly
I've highlighted a stalled pattern (similar to the one I talked
about earlier on the daily chart) which led to a down week. This
week's candle is a bullish inverted hammer and we may continue
the 3 weeks up 1 week down pattern of recent months. On the other hand, action significantly below this week's low will be
bearish. Mmmm that sounds a bit "it'll go up or it'll go down" but
you catch my drift
Now let's see if these chart pieces come out...here goes
Now to candlesticks, hope my painting playing about works or
I'll be writing a lot for nothing.
Monthly
Thought you might be impressed with how well candlesticks
called the bottom with a long legged doji.
Otherwise the most notable feature is the narrow open/close
range each month over the last six months. This shouldn't
last much longer and a major break must be on the cards soon.
But which way? Well this months candle is a small shooting star
(not fully printed yet 'cos Nov not finished yet - I know but that's
computers) which is bearish unless the price action moves above
its high. If it does Fib50 resistance is in sight. If the action is down
a close below the shooting stars low will confirm bearishness, but
it may be too late by then if it's a major move
Weekly
I've highlighted a stalled pattern (similar to the one I talked
about earlier on the daily chart) which led to a down week. This
week's candle is a bullish inverted hammer and we may continue
the 3 weeks up 1 week down pattern of recent months. On the other hand, action significantly below this week's low will be
bearish. Mmmm that sounds a bit "it'll go up or it'll go down" but
you catch my drift
Now let's see if these chart pieces come out...here goes
