Deeper Discussion of This Chart The day began with a large gap down in Figure 2.3, which is a bear breakout, and then a large bear trend bar and was therefore likely to be some kind of bear trend day, and traders were looking to get short. The 15 minute chart on the left shows that they created a bull reversal bar at what was then a new swing low. In Figure 2.3, the 5 minute chart on the right had four dojis in a row, starting at bar 1, each with trending closes, highs, and lows. They are a sign of building buying pressure and this makes a rally more likely. Figure 2.3 TREND BARS, DOJI BARS, AND CLIMAXES 69 FIGURE 2.3 Trending Dojis Individual dojis mean that neither the bulls nor the bears are controlling the market, but trending dojis indicate a trend.
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