Japanese Candlestick Techniques Message Board

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Strategies & Market Trends : Japanese Candlestick Techniques

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To: steve wong who wrote (50)	5/21/2001 2:51:26 PM
From: macavity	Read Replies (1) of 60

Its not textbook. I use candles, but looking to learn. i) The pattern is not at the end of a trend. It seems like White candle - bounce off support Star/Hammer - Indecision Black Candle - retest support. 3Day Pattern <=> Inverted Hammer at support => Indecision and a Bull/Bear clash IMO: What we have now is a short-term range defined by the long black candle. I would expect to see the stock close within this range for a few periods, (there may be highs and lows outside it). As soon as there is a close outside this range, that is the direction the stock will go. JMHO -macavity

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