AMD ---- Shootng Star, Falling Gap & Upper Cross
Updated
- Two Shooting Star candlestick patterns appear on Sep 13 and Sep 15. A shooting star denotes price drop is on the way, but need a confirmation that appeared on Sep 17 in this case. When Shooting Star emerge on top of the wave meaning possible price reversal, but if in the mid of the wave the fall is likely to continue but rather stop sooner.
- The Upper Cross on Sep 20 following a Falling Gap near the support at $102. Upper Cross actually is a variant of the Long Leg Star, but the opening and closing prices are on a higher level. Even though it denotes the calming of a market situation, it still clings towards an upward no matter whether on top or bottom of a wave.
- The Upper Cross on Sep 20 following a Falling Gap near the support at $102. Upper Cross actually is a variant of the Long Leg Star, but the opening and closing prices are on a higher level. Even though it denotes the calming of a market situation, it still clings towards an upward no matter whether on top or bottom of a wave.
Trade closed manually
The Upper Cross on Sep 20 worked accurately after all. The Falling Gap is filled and thus closed the short-term trade with a profit of 2.5 points.
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