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LLOY - Lloyds grp

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10 years 4 months ago #13033 by Seymour Moola
Replied by Seymour Moola on topic LLOY - Lloyds grp
Thank you for your comment F4T

Didn't think it was valid upon further reflection.

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10 years 4 months ago #13032 by Food4Thought
Replied by Food4Thought on topic LLOY - Lloyds grp
With the 3 white soldiers there are no gaps up (i.e. bodies cross but incrementally higher). Wicks are unimportant. If correct, stop would be low of third candle.

If there had been another gap up today similar to last two (there wasn't), you would have 3 gaps up (reversal) pattern. This is a very bearish as indicates move exhaustion.
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10 years 4 months ago #13031 by Seymour Moola
Replied by Seymour Moola on topic LLOY - Lloyds grp
Don't think this is a valid pattern as the wicks/shadows invalidate it, although very close. Shame as it viewed as quite a strong bullish reversal pattern.

If it was valid I presume stop would be at lower end of 3rd candle

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10 years 4 months ago #13030 by Seymour Moola
Three white soldiers here with RSI divergence and a MACD divergence with a move above support.

Chart looking bullish to me but to be honest not too sure of entry and stop levels so any comments would be welcome.

Any views/comments?



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