This is the family photo of Mr & Morubozu.
One day they went for a picnic to the stock exchange.
When they came back they all wrote their version of what they saw in the exchange!
Here is a spy's account of what each one of them wrote in his/her diary.
Mrs. Morubozu (Tall, Fair and Beautiful)
What she wrote " There was a considerable reason for the price to go up during the day."
Mr. Morubozu (Tall, Dark and Handsome)
"There was a considerable reason for the price to go down during the day."
Mr. Hammer (Eldest Son)
"There was Strong buying at lower levels, Sell-off was not sustainable, Mood is optimistic."
Mr. Hanging Man (Second Son)
"There was Buying at lower levels, but the mood is the one of doubt."
Mr. Inverted Hammer (Third Son)
" Saw selling at higher levels, mood was not so good."
Mr. Shooting Star (Youngest Son)
"Saw profit booking at higher levels, but the mood is good."
Ms. Long legged Doji (Eldest Daughter)
"Saw equal fight between Bulls & Bears which ended in a draw after ups & downs, both are injured but Bulls are tired as well"
Ms. Dragonfly Doji (Second Daughter)
"Bulls in no mood to surrender. They beat the charging Bears. But Bulls are badly injured"
Ms. Gravestone Doji (Youngest Daughter)
"Bears in no mood to surrender. They beat the charging Bulls. But Bears are badly injured"
Spinning Top (Fair) (First Servant)
Spinning Top (Dark) (Second Servant)
Both of the servants were clueless.
They wrote
"All izz not well. Nobody won. Tomorrow will decide!"
1 comment:
The article is very practical and informative.Nicely also explained at xtb dot com.Kindly see shooting star with large upper shadow mostly appears at top a sign of trend reversal.Inverted hammer at bottom is sign of trend reversal bearish to bullish but when at top it senses like a doji.A book by Stephen w. Bigalow profitable candlestick trading is under publication may be also useful.
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