Doji at support level on TA

TA’s candlestick today is a Doji which suggests that the power of the bears are diminishing. Notice also that the suppport lines 61.8% Fibonacci Retracement level and the Kijun Sen has helped support the price. But remember that Doji candlestick is not a strong reversal pattern so we need a confirmation tomorrow. Test buy for those who have no TA yet near the support is a good idea. Resistance is at 2.18 in case it will bounce. All Ichimoku elements are still in green.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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