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lookingforprofit

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lookingforprofit

Re: cdaniel394 post# 1089

Tuesday, 04/15/2014 3:21:44 PM

Tuesday, April 15, 2014 3:21:44 PM

Post# of 3443
An exhaustion candle is when the price has reached a point where sellers will no longer give up their shares. It forms after a vicious correction and the price sells off hard thru the day only to reverse and close at or near the high of the day. Today's candle with the long wick is indicative of a reversal. Let's see how it plays out.
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