NMX502030 LSE
FTSE 350 GENERAL INDUSTRIALS INDEX
SELL
Close
6219
Prev.Close
6256
Change
-37.0000
Change%
-0.59%
BEARISH HARAMI CROSS
Sold at
6227.45
Open
6256
High
6264
Low
6205
Close
6219
Gain%
-0.13%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH HARAMI CROSS pattern finally received a confirmation because the values crossed below the confirmation level which was at 6248, and our valid average selling value stands now at 6227. The previous BUY signal was issued on 14/09/2023, 7 days ago, when the index value was 6158. Since then NMX502030 has risen by +1.12%.
We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.
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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