March 31, 2011

ES with a GRAVESTONE Doji

  • ES Four hour chart is showing a gravestone Doji Candlestick pattern.
  • This is a bearish reversal pattern. Price has not able to go above the shadow of this candle yet.
  • But one good thing for the bulls is that the breakout happened yesterday is still valid.
  • Levels which should be broken by the bears are 1317 and 1313.

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