Saturday, June 2, 2018

Candlestick study: Chapter:1 - ATN

June 02, 2018 Posted by Bazinga , 1 comment

RSI is @ 56
MACD on downtrend
Broker 20 EMA

CandleStick Interpretation

One candlestick.

Bullish Maruzobo

Multiple Candlestick interpretation.

Could be interpreted as Engulfing or Piercing stick.

P1 - opens @ .67 and closes @ .66
P2 - opens @ 66 and closes @  .69

Market interpretation

On P2 it opens on a new low which confirms bearish trend but there's a lot of buying interest which made the green candle close to the higher than the previous candle.

Darvas box also confirms that it hits the resistance. 

Can enter the trade on the next day, with 2-3% cut loss or can wait for the confirmation buy then.




1 comment: