CAC LEVERAGE NR
SELL
Close
6076
Prev.Close
6102
Change
-26.0000
Change%
-0.43%
Sold at
6075.64
Open
6117
High
6130
Low
6055
Close
6076
 
0.00%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to SELL. The BEARISH DOJI STAR pattern finally received a confirmation because the values crossed below the confirmation level which was at 6078, and our valid average selling value stands now at 6076. The previous BUY signal was issued on 04-03-2024, 14 days ago, when the index value was 5803. Since then CACTL has risen by +4.69%.
Market Outlook
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.
Pattern Description
This pattern appears in an uptrend and warns that the trend will change. It consists of a white candlestick and a Doji with a gap up at the opening. If the Doji is in the form of an Umbrella the pattern is called “Bearish Dragonfly Doji”. In case of an Inverted Umbrella it is called “Bearish Gravestone Doji”. Here, all these patterns are subsumed under the name: “Bearish Doji Star”, regardless of the shape of the Doji. more...
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