Hammer
The market has been in a downtrend, so there is an air of bearishness. The
market opens and then sells off sharply. However, the sell-off is abated
and the market returns to, or near, its high for the day. The failure of the
market to continue the selling reduces the bearish sentiment, and most
traders will be uneasy with any bearish positions they might...
TOTALLY Hypothetical!
DGB has shown a nice curve downwards, this might end up in an enormous cup! I mostly wanted to save this chart to see how it plays out over the next few months.
It looks as if DGB is staying on an upward trend-line, very shallow slope. But still positive.
Longterm MACD is trying to show some separation. It might just work!
Not financial...
