Home > Candlestick patterns, chart of the day, heikin-ashi, Japanese candlesticks, Modified japanese candlesticks, Trading, Trends > Would You Buy This Chart? Think Twice. Think ‘Heikin-Ashi’.

Would You Buy This Chart? Think Twice. Think ‘Heikin-Ashi’.

May 31, 2012

The daily chart invites to bullish action limited by haDelta resistance @0.75-0.80 (lower pane).

Looking at the monthly chart below, all buying instincts are brutally stopped: haDelta is too high, with an imminent top.

 

Would You Buy This Chart? Think Twice. Think 'Heikin-Ashi'. 5/31/2012 $TJX TJX

 

Would You Buy This Chart? Think Twice. Think 'Heikin-Ashi'. 5/31/2012 $TJX TJX

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