Signal Update
Our system’s recommendation today is to SHORT. The BEARISH DOJI STAR* pattern finally received a confirmation because the values crossed below the confirmation level which was at 760.5300, and our valid average selling value stands now at 757.8700. The previous BUY signal was issued on 24/02/2021, 2 days ago, when the index value was 762.5800. Since then ^STNU has fallen by -0.62%.
Market Outlook
The bears have evidence on their side and this evidence prompts us to make a bearish bet. The bearish pattern that was previously identified is finally confirmed and a
SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late.
SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and
SHORT orders must never be placed without a stop loss.
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Pattern Description
*This is not a new pattern. It is the last pattern that was confirmed previously which is still valid for reconfirmation.