Recent

% | $
Quotes you view appear here for quick access.

iPath Bloomberg Natural Gas SubTR ETN Message Board

  • global7654 global7654 Jul 10, 2012 8:46 AM Flag

    Doji pattern

    Doji pattern


    A doji is a key trend reversal indicator. When a market has been in an uptrend and trades to a higher high than the previous three trading days, fails to hold that high, and closes in the lower 10% of that day's trading range, there is a high probability of a downtrend in the ensuing days. Likewise, when the market has been in a downtrend and trades to a new low that's lower than the three previous trading days, fails to hold that low, and closes in the upper 10% of that day's trading range, there is a high probability of an uptrend in the ensuing days.



    The Natural Gas chart below {for UNG} appears to be a “DOJI” (this is the day chart thru 7-06-2012 – for one month):



    Let us see if it works for going lower.

 
GAZ
0.5106-0.0294(-5.44%)Aug 24 4:00 PMEDT