Brent oil update - Grave stone Doji on weekly

FX:UKOIL   CFDs on Crude Oil (Brent)
Brent oil             is losing ground as expected earlier today.... courtesy of which the weekly candle is now a Gravestone Doji .

Losses are likely to be extended to weekly 5-MA level of $46.63 levels.
TipTVFinance Alex.Singletary

Same search :)
a gravestone doji has a wick on either side and an extremely small body. PLUS wait for the close before you call something on a weekly timeframe ;)
TipTVFinance Alex.Singletary
not necessary,,.and not in favour of waiting. ... similar candle was there on EURUSD weekly two weeks ago. If I had waited.. would have missed the bus. on monthly and weekly timeframes I prefer to go with the flow rather than wait for closing
Alex.Singletary TipTVFinance
that was a good example of it working out yes
TipTVFinance Alex.Singletary
Agree with closing. Only fear is waiting for closing on weekly and monthly becomes a pain for me.. bcuz by then its oversold on daily most of the times and then there is a recovery before effect of bearish closing on monthly/weekly kicks in. Hence, I prefer to check only daily closing and go with the flow on monthly and weekly.
But completely agree.. better is to wait for closing
Alex.Singletary TipTVFinance
ill keep that in mind! thanks
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