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  4. Ospreyeye: Japanese Candlestick patterns & Technical Analysis Board Message Board

RSH Alert: Clue #2 - RSH closed @ 0.935 on Thu

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Post# of 777
Posted On: 06/27/2014 2:58:53 PM
Posted By: Ospreyeye
Re: Ospreyeye #12
RSH Alert: Clue #2 -

RSH closed @ 0.935 on Thursday………..RSH opened @ 0.96 on Friday………the HOD(high of day) on Thursday was 0.0.9466……..the LOD(low of day) on Friday so far is 0.0955……..the space between HOD on Thursday & LOD on Friday has created a Gap on the daily chart……….this is important, because the gap higher open on Friday has set up the potential for a bearish reversal pattern to form……….one of the things chartist look for after a multiple day run is a gap higher open……..the saying goes, "Gap Higher Opens Are For Selling"…………….$$$


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