February 2, 2014

Three Black Crows of Citigroup

  • 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.

No comments:

Post a Comment