Heikin-Ashi, the Market, the Gold, and the Ugly ($SPX SPX $GLD GLD)
Many traders and candle gurus may call yesterday’s candle a shooting star or even a gravestone doji.
The answer may differ depending on how they define a trend preceding the candle.
For a heikin-ashi trader, things are simple: SP-500 has a top!
On the other hand, gold ETF (GLD) is at support (lower pane).
It’s worth noting the haDelta top/reversal signal has been printed two days before the big drop.
haDelta is not perfect but ignoring it may cause losses.