^DJUSCA NYSE
DOW JONES US GAMBLING
SELL
Close
643.08
Prev.Close
661.19
Change
-18.1100
Change%
-2.74%
BEARISH HARAMI
Sold at
652.64
Open
655.50
High
655.50
Low
642.29
Close
643.08
Gain%
-1.46%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH HARAMI pattern finally received a confirmation because the values crossed below the confirmation level which was at 661.19, and our valid average selling value stands now at 652.64. The previous BUY signal was issued on 11/20/2023, 15 days ago, when the index value was 678.82. Since then ^DJUSCA has fallen by -3.86%.
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”. more...
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