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bucolic_frolic

(50,844 posts)
1. The last 4 day candles on the DJIA Chart look ominous
Sun Aug 6, 2023, 05:54 PM
Aug 2023

Note the almost DOJI candle at the top of the move on Tuesday. That's indecision and doubt, especially in a short range. Then a sharp down day, followed by another actual DOJI, below the previous day's close, and Friday a mid-range open, spike upward and sharp rejection lower. That long line above the red is a classic topping tail pointing to going lower in my view.

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