Trader's Logbook

For those holding ALI it is very important to watch the next two days carefully. After the 5 days uptrend we found a doji candlestick at the top of the trend. This candlestick alone can’t be a reliable indicator. But the next two days will be very crucial as this might form an Abandoned Baby Pattern or Evening Doji Star Pattern. Very important to monitor the candlestick tomorrow and then if any of the two patterns will happen, we still need a confirmation of a gap down, large red candle or red close. If any of the two patterns will be formed, there is a high reliability of trend reversal.

Caveat!