June 18, 2010

Dow jones Broadening bottom formation

  • Dow jones is forming a broadening bottom formation in daily chart.
  • It is a bullish reversal pattern.

2 comments:

  1. Its look like we have formed tri-star pattern on the dow jones. It is bearish pattern. Please provide your thoughts. Huge gap down from monday expected.

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  2. @Ashutosh
    I saw the charts again and the tristar conformation is not properly formed.
    The second doji should have gaped up and the third one should have gaped down for a perfect bearish tristar formation.

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