The simple Doji rule! Yesterday the indexes formed an indecisive day, a Doji day, on observable potential support levels. Today’s positive trading confirms the support at those levels. The Doji rule – prices will move in the direction of how they open after a Doji. Knowing the simple rule allows for the quick decision-making for covering short positions and establishing long trades immediately. If the markets continue to trade higher Today, anticipate the support levels have shown they are acting as support. Now watch to see what the indexes do at the T-line area.
August 22nd Daily Market Comments
The simple Doji rule! Yesterday the indexes formed an indecisive day, a Doji day, on observable potential support levels. Today’s positive trading confirms the support at those levels. The Doji rule – prices will move in the direction of how they open after a Doji. Knowing the simple rule allows for the quick decision-making for covering short positions and establishing long trades immediately. If the markets continue to trade higher Today, anticipate the support levels have shown they are acting as support. Now watch to see what the indexes do at the T-line area.