Trader's Logbook

MARC has been slowly moving up the ladder and although we see a signal for possible reversal last January 3, it didn’t happen, instead continued to climb slowly. Today, another possible reversal brought by the Dragonfly Doji. Will it reverse this time?

A Bearish Dragonfly Doji Pattern is a single candlestick pattern, which occurs at a market top or during an uptrend. Confirmation of the possible trend reversal by either a red candlestick, a large gap down or a by a lower close on the next trading day.

Caveat!