Another week gone, another weekly candle to continue the story.
Exactly a week ago, i posted a 33.3% closer to history for Russell 2000 index.
And guess what, it really finished as a weekly DOJI again.
Hence we are 66.66% closer to history.
Besides, we have rising wedge and downtrend channel mimicking what is happening in 2007
(the chart is enlarged to better see the DOJIs)
However, please do not ASSUME that even if next week's candle finishes as a red marubozu, it is automatically mean that market will crash! It just mean we have even higher probability only.
Exactly a week ago, i posted a 33.3% closer to history for Russell 2000 index.
And guess what, it really finished as a weekly DOJI again.
Hence we are 66.66% closer to history.
Besides, we have rising wedge and downtrend channel mimicking what is happening in 2007
(the chart is enlarged to better see the DOJIs)
However, please do not ASSUME that even if next week's candle finishes as a red marubozu, it is automatically mean that market will crash! It just mean we have even higher probability only.
