Looking at the three major benchmarks, It seems NDX and SPX going hand in hand! and they could follow Dow and correct more in the next 2-3 weeks!
Education:
What Is a Three Outside Up/Down? The three outside up and three outside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and might signal a reversal of an existing trend. (Investopedia)
This is one of the most reliable candle patterns and it happened in the weekly chart..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
https://www.investopedia.com/terms/t/three-outside-updown.asp#:~:text=What%20Is%20a%20Three%20Outside,reversal%20of%20an%20existing%20trend.
Education:
What Is a Three Outside Up/Down? The three outside up and three outside down are three-candle reversal patterns that appear on candlestick charts. The pattern requires three candles to form in a specific sequence, showing that the current trend has lost momentum and might signal a reversal of an existing trend. (Investopedia)
This is one of the most reliable candle patterns and it happened in the weekly chart..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
https://www.investopedia.com/terms/t/three-outside-updown.asp#:~:text=What%20Is%20a%20Three%20Outside,reversal%20of%20an%20existing%20trend.