One FUGLY looking Candle
Anyone got a name for this ?
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Too much wick, not enough wax.
How about a waxless wick.
How about a hanging yoyo.
If none of these are good, Im blaming it on the whisky.
Hanging yoyo – might be perfect since it is ending bearishly today.
All the action in the middle of that chart looks very similar to an island top.
Was doing some research on that. Looks like a shooting star bearish candle, needs to close lower tomorrow to confirm. Question is, is it a shooting star if it occurs other that at the top of a move? Not sure.
If in a downtrend it gets renamed an inverted hammer, not quite as elegant a name. It is in a downtrend here. Actually it looks more like a meteorite, a fireball or a Tunguska Event candle. If it is a Tunguska candle, gold will crater. 🙂
https://forecastcity.com/en/node/235
Daily Trading Opportunity: Forming a Shooting Star in the price
I had in mind Charts 3 and 4. Also Chart 5, because the shooting star / inverted hammer is in a resistance area failing to stay above $1308.
Tunguska candle? Brilliantly named. Thanks.
It is a VAYLBWASIC …
Vote all you like, but we are still in control.
It will forever live in infamy know as the Trump’s Dump Candle
It could also be one of those Pinnochio candles poking its long nose above resistance, in this case above $1300ish.
Fresnillo (silver miner but has gold too) is up 10% today in the London Stock Exchange, with gold basically flat as of London close, basically gapped up at the opening and kept about 80%-90% of its gains at the close.
Thus Fresnillo:gold ratio jumped up as on the Brexit but not as much. I like to look at this to see if I ‘believe’ the gold move. For me that action is bullish (kind of) but gold’s recent strength over the past couple of weeks was not confirmed by this stock mat the time. The jury is out.
http://stockcharts.com/h-sc/ui?s=fres.l:$GOLD&p=M&st=2015-08-04&en=2016-11-09&id=p02097917506&a=312811263
Tunguska candles a good one Dave! Another name I was thinking about was “Slid Hammer” Mostly because the ponder camp back to where it started from. A slide hammers a real tool used in many different industries.
Barf….bump and run formation
Hillary’s finger.. Hillary gives us the finger as she says good bye.
Of course “we” do. c of 2 of C
Large A was drop off July highs. B was the triangle that followed.
Now in C. Initial decline out of triangle completed for 1. Now abc for 2 up done (at last night’s top)
Now in 3 down of C down, where C will be a multi week decline into final retrace lows. Late Decemberish, perhaps. Buckle up.
What about “fucking annoying”?