Trader's Logbook

ABA is characterized by downtrend when we first see some selling reflected by the long, red real body the past days. However today we see a small body which suggests bears’ power is diminishing and bulls is trying to conquer the battlefield. This results to a Homing Pigeon which is a reversal pattern. But are bears really finished? Or they just rest and dominate the arena when profit taking day comes. Let us see tomorrow for confirmation of both sides. Caveat!