A lesson on candles (Heiki Ashi, Basic)

27 Eki 2020

During the session today, it may have seemed as if DJI and SPX bottomed and were in the process of moving up. However due to the lack of a green Heiki Ashi candle, an actual trend reversal did not appear to be underway. Instead today proved to be an opportunity for a short position with the entry at the prior day's close and an exit near the low of the previous day.