Clear signs of a inverse head and shoulders pattern. Low angle neckline feature, signals a weaker bullish trend. Additional patterns of 2 bars of indecision putting a halt on the previous bullish push, followed by a "Dark Cloud Cover" candlestick pattern. if ADM closes in red for the following day, we would expect a bearish trend to support. On either event, good gains could be made for a long or short position.
Thank you so much for your analysis. Do you still expect a bearish trend for ADM after the result of today? I'm a newbie and admire to learn more about Stock market analysis.
Do you still expect a bearish trend for ADM after the result of today? I'm a newbie and admire to learn more about Stock market analysis.