Trader's Logbook

PAX on support line with a signal for reversal from a medium reliability Gravestone Doji pattern. This pattern suggests there might be a reversal soon. The stock opens close or near the closing price of the previous day. Then there is a brief rally but the rally is not enough to send prices over the closing price of previous day and prices then reverse direction and fall down to the day’s lows. Although the rally died down at the closing, this suggests that the bulls is becoming aggressive after the rest and may soon conquer the battlefield at the right time. Will it be today or next week?

Caveat!