February 2, 2014

  • Three black crows is a reliable bearish reversal pattern. One has to see several things before taking a trade based on this pattern. This pattern may work well if it forms at an up trend. Before this pattern gets confirmed the stock have already fallen a lot, So one has to make sure that your not going short at a crucial support zone.
  • If Citigroup starts to move up and shows weakness near 50 Week SMA it will be a safe area to go short.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore