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Nice chart tin!
It's technically a shooting star in case we have any noob's wondering what that was. |
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To play devil's advocate, one could argue that it is a Doji. The relationship (width) of the open and close versus the actual range of candle fits. There is a valid low close Doji pattern. This is a very good pattern and not what one finds in the books. Most patterns,found in books, do not work that well................I am waiting for Mark to put in his two cents here.
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Point is that you recognized a really nice opportunity to short. |
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Understanding the PRICE ACTION that creates the candle line or pattern is more important than what one chooses to call the candle.