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A Reversal Signal Showed Up


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#1 redfoliage2

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Posted 03 June 2020 - 05:29 PM

After three days ramping up with decreased volumes a gravestone Doji finally showed up today everywhere - on SPY, QQQ, SPX, NAZ, SOX ........ 

A gravestone doji pattern implies that a bearish reversal is coming.


Edited by redfoliage2, 03 June 2020 - 05:31 PM.


#2 fib_1618

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Posted 03 June 2020 - 06:00 PM

I didn't know that the U.S. markets spoke Japanese!

 

Fib


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#3 redfoliage2

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Posted 04 June 2020 - 09:53 AM

No surprise the first dip always gets bought, but then deeper dips to follow ...................


Edited by redfoliage2, 04 June 2020 - 10:03 AM.


#4 gm_general

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Posted 04 June 2020 - 10:24 AM

Is this a thing? If so it should move in earnest when (or if) it is tackled.



#5 redfoliage2

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Posted 04 June 2020 - 10:52 AM

It's one of the things I'm looking at for the IT reversal ......


Edited by redfoliage2, 04 June 2020 - 10:54 AM.


#6 Darris

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Posted 04 June 2020 - 11:02 AM

Uptrend has nice rising wedge from March 13 and 23rd as well

#7 redfoliage2

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Posted 04 June 2020 - 11:45 AM

UAL still positive today, but I see it's a sell at today's price...............


Edited by redfoliage2, 04 June 2020 - 11:46 AM.


#8 redfoliage2

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Posted 04 June 2020 - 11:55 AM

BTW, SOX is right at a top ...................



#9 K Wave

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Posted 04 June 2020 - 12:39 PM

BTW, SOX is right at a top ...................

That last pivot around 1942 looks key now.

 

If bears can break that, then reversal can begin on SOX


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#10 redfoliage2

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Posted 04 June 2020 - 02:17 PM

 

BTW, SOX is right at a top ...................

That last pivot around 1942 looks key now.

 

If bears can break that, then reversal can begin on SOX

 

1942 just failed ..............