JFC ended with a Doji

JFC had an interesting play today as it swings up and down but finally settled from where it opened. This price movement resulted in a Doji which signifies that traders can’t decide where they want JFC to go at this point. While previous movement was in a downward trend, this Doji could mean a reversal. But we need a confirmation for this since Doji is not a strong reversal pattern. Plus the fact that Ichimoku system is telling as that JFC is in a downtrend and no Ichimoku element as of now is showing any sign of bulllishness. So in case it will go up, don’t be too greedy.

Caveat!

One Response to JFC ended with a Doji

  1. […] wasn’t able to reverse last time after JFC ended with a Doji Price of JFC is still at the base of the Kumo which is our support and today we have another try […]

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