Trader's Logbook

A possible pullback to test the support at 23.6% Fibonacci Retracement level or around 5.12 after it made a run following the cue on Bullish Gravestone Doji found last week. The last two candlesticks also formed a Dark Cloud Cover which further increase our warning signal for reversal. Although this formation has a high reliability we still need a confirmation tomorrow by way of a gap down or large red candlestick. I think if the candlestick will stay below the support line at the closing then there will be a reverse.

Caveat!