Tuesday, August 13, 2013

question and answer: bhi (13 aug 2013)


question:

Hinog na ba bhi for you? Double dragonfly doji seems like a reversal sign for mewhat do you think?

Thank you very much.


reply: 

im looking more at the doji part than the dragonfly part .. so its a doji .. it means the buyers and sellers were just balancing each other during the session .. altho the shadow may be interpreted: that the buyers were stronger than the sellers towards the later part of the session ...

it closed at `.123 .. just .004 cents from the current bottom ... so halos di sya gumalaw ... tingin ko hintay pa ng konti since kelangan ng confirmation ng doji sa susunod na candle to really be conclusive as to where the price may be going .. (a doji on its own is a neutral candlestick)