DJI on 14th April drop over 133 pts.
It has been risen from 6469.95 to 8113.41 = 1643.46 (25% from the bottom)
0.618: 8059 ( strong resistance level)
What we can expect from the diagram.
1) Stochastics: Over 80 and neg div.
2) Candlesticks:
Evening Doji Star:
A three day bearish reversal pattern similar to the Evening Star. The uptrend continues with a large white body. The next day opens higher, trades in a small range, then closes at its open (Doji). The next day closes below the midpoint of the body of the first day.![]() | 由三枝陰陽燭組成。第一日為大陽燭(延續升勢),第二日為小陰燭或小陽燭(升勢減弱),第三日為大陰燭(回落急速)。 |
A bearish reversal pattern that continues an uptrend with a long white body day followed by a gapped up small body day, then a down close with the close below the midpoint of the first day.3) CCI: Neg Div & over 100 (Y)
4) Volume: increase (SHOULD DECREASE)
5) RSI : decrease when reach around 63.81 ( now decreasing) (Y)
6) BB: Almost close to the upperband (OVER)
7) 4-9 MA NOT CROSSOVER (X)
8) Trendline:drop through 14th April 09.
It is still the reversal alert signal. We only can monitor its movement.
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