Very simple, such doji candles are where not much trading took
place and are often re-tested as a result.
As I stated reversals tend to occur around news events such as
earnings being reported.
I personally was not tracking that closely but its imperative to
be aware of such news events and then react to a possible trigger
like a gap up as you mentioned. I saw it just after it had moved
above the equal high to be honest. I was focused on ES
Very simple, such doji candles
RIVN Updated
Posted by steve on 6th of Nov 2025 at 06:29 am
Very simple, such doji candles are where not much trading took place and are often re-tested as a result.
As I stated reversals tend to occur around news events such as earnings being reported.
I personally was not tracking that closely but its imperative to be aware of such news events and then react to a possible trigger like a gap up as you mentioned. I saw it just after it had moved above the equal high to be honest. I was focused on ES
@steve - what's your experience
Posted by Orangeman on 6th of Nov 2025 at 09:39 am
@steve - what's your experience with the inverse (FBU).
Example QCOM has a long wick candle from 27 Oct. Looks to me like that's a good upside target over time.
Interested in your thoughts on whether one direction is more reliable than the other.