posted
Actually you're wrong about the Doji, and the white soldiers.
Yes those are three consecutive days of gains, but there is more that needs to happen for them to be white soldiers.
First, the three white days gapped. You really want the opens to be within the real body of the previous day.
Second, you want each day to close near it's high. This obviously did not happen in the third day.
You are also wrong about liking doji's. They show uncertainty and the market hates uncertainty. Doji's in an uptrend also give more of a signal to a reversal than one in a downtrend.
So read what the chart is saying over the past 4 days. The bulls took over and ran it. On the third day of what you see as being a white soldier formation, the bulls ran hard again. The stock gapped for the third time and ran it to a nice high, but then the bears brought the market way down to close no where near it's high.
The final doji proves that the bears are starting to gain more control as the bulls couldn't push the stock further.
Even if there was a white soldier formation it would still be a weary time to play it. The stock ran for three days and will probably retrace even if there weren't the doji, and false white soldier formation.
IMO, I'd look for something else to play. Matt
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