UB5510 LSE
FTSE 350 BASIC RESOURCES INDEX
SELL
Close
1129
Prev.Close
1145
Change
-16.0000
Change%
-1.40%
BEARISH HARAMI
Sold at
1139.92
Open
1145
High
1145
Low
1119
Close
1129
Gain%
-0.99%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH HARAMI pattern finally received a confirmation because the values crossed below the confirmation level which was at 1145, and our valid average selling value stands now at 1140. The previous BUY signal was issued on 01/12/2023, 4 days ago, when the index value was 1152. Since then UB5510 has fallen by -1.06%.
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 pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”. more...
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