XAO 0.27% 8,586.9 all ordinaries

Short Term Trading Week Starting: 26 Mar, page-163

  1. 308 Posts.
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    STTCOMP WFE, TA Short

    Winmar Resources
    SP -  0.02
    MC - $50M

    Chart has put in a significant Long Legged Doji signalling market indecision and potential trend reversal. Volume decreased since initial push upwards

    Long-legged doji candles are deemed to be the most significant when they occur during a strong uptrend or downtrend. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur.

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