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How's that for a gravestone Doji??

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Ninja
Super Contributor
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6 REPLIES 6
Not applicable
also bhp- see candle pattern for bhp round the 10th june
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sponono
Super Contributor
I think BIL is doing a rising wedge and this might not be very good news.
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Terra
Super Contributor
Your gravestone doji turned into a inverted hammer. I've been noticing this for a long time now. Every evening "all" the candles forms Dojis (opening = closing). Later the opening prices change on the charts and the doji changes into the relevant candle pattern. Asked the question last week, but nobody could give me a clear answer on the opening price phenomenon.
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SimonPB
Valued Contributor
the charts are updated during the day, but clean data only arives at 7ish ..
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Terra
Super Contributor
Simon, I agree with you on the updates later on. For me there is still a ? on the topic, but not worth fussing about.
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Not applicable
For what it is worth, doji's, hammers and other candle patterns are not of much value inside the choppy zone. They signal price limits, where the market makers tried to set the trading range, but hte market had other ideas. They need to be used with previous days' candles, to see where the market's support or resistance lies. A good example of a tradable doji is arcmittal on the 17th August.
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