NMX501010 LSE
FTSE 350 CONSTRUCTION & MATERIALS INDEX
STAY LONG
Close
8762
Prev.Close
8763
Change
-1.0000
Change%
-0.01%
BEARISH HARAMI CROSS
Bought at
8724.24
Open
8763
High
8878
Low
8729
Close
8762
Gain%
+0.43%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 20/09/2023, 1 day ago, when the index value was 8724. Since then NMX501010 has risen by +0.43%.
Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. Based on this pattern, in response to emerging market bearishness the system established new confirmation and stop loss levels. The signal tells us to STAY LONG, but the chance of a bearish confirmation that will change the signal to SHORT is very high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.
This is a major bearish reversal pattern, which is even more significant than a regular Bearish Harami. The outline again looks like a pregnant woman, as with the Bearish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a white body followed by a Doji that is completely inside the range of the prior white body. more...
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