LC is making the sign of the cross. Will there be a reversal following the Doji?

Is it a bottom for LC? After the blow yesterday that brought LC to the ground, we have seen bears losing its strength… or is it? Current candlestick, Doji, suggests there is an indecisive mood among traders. Since this mood comes after the series of falls, there is a chance this will be our reversal point. But don’t rush in. This type of candlestick has a low reliability. We need to see how the market will react tomorrow. If we will have a long green candlestick or a gap up then we have a reversal, if not, then LC will continue to go down.

Caveat!

One Response to LC is making the sign of the cross. Will there be a reversal following the Doji?

  1. […] or a gap up then we have a reversal, if not, then LC will continue to go down. Caveat! LC is making the sign of the cross. Will there be a reversal following the Doji? Reply With […]

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