quote :"fashionman, Aroon 5 has the double diamond with the red top on the second diamond. Is this the sign for a spike down, possibly followed by an up trend? "
also Candlestick Analysis Today’s Candlestick Patterns:
Short Black Candlestick Bearish Dark Cloud Cover
Today a Short Black Candlestick was formed. This implies relatively weak selling pressure with little price movement. The last two candlesticks formed a Bearish Dark Cloud Cover Pattern . This is a bearish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.