jangseohee

Weekly Doji could be formidable

INDEX:VIX   CBOE Volatility Index
34 0 2
High wave spinning top candles (DOJI) could be a formidable trending changing sign when it happen after an uptrend, downtrend or S/R line especially if the price open and close weekly in the middle.
This week, we have a DOJI sitting at the support after 3 full weeks of marubozu bars. As can be seen, the 3 red bars have diminishing power.

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