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Brent oil update - Grave stone Doji on weekly

FX:UKOIL   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.
Alex.Singletary
6 months ago
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 ;)
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TipTVFinance PRO Alex.Singletary
6 months ago
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
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Alex.Singletary TipTVFinance
6 months ago
that was a good example of it working out yes
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TipTVFinance PRO Alex.Singletary
6 months ago
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
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Alex.Singletary TipTVFinance
6 months ago
ill keep that in mind! thanks
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Alex.Singletary
6 months ago
https://www.google.com/search?q=gravestone+doji&biw=1920&bih=979&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwiz1NizrebMAhVo4YMKHZtPCSwQ_AUIBigB#imgrc=1PaMKsY1eJbnfM%3A
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TipTVFinance PRO Alex.Singletary
6 months ago
https://www.google.co.in/search?q=gravestone+doji&biw=1920&bih=979&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwiz1NizrebMAhVo4YMKHZtPCSwQ_AUIBigB&gws_rd=cr&ei=A889V731NKfDmAW1yoXgAg#tbm=isch&q=bullish+gravestone+doji&imgrc=dJ5OEdKFNhffHM%3A

Same search :)
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