Candlestick failed to follow up with a candlestick formation to confirm a buy call. So the wisdom that candlestick pattern should be supported with other indicators is a wise one (refer to my previous posting). The price is resting around Fib 38.2%. It is better to wait for the market to show its direction as it is showing its indecisiveness.
Sunday, January 24, 2010
FCPO-22-1-10 Failed to follow up with a candlestick formation.
Candlestick failed to follow up with a candlestick formation to confirm a buy call. So the wisdom that candlestick pattern should be supported with other indicators is a wise one (refer to my previous posting). The price is resting around Fib 38.2%. It is better to wait for the market to show its direction as it is showing its indecisiveness.
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