^TXEW TSE
S&P/TSX 60 EQUAL WEIGHT INDEX
SELL
Close
203.15
Prev.Close
203.17
Change
-0.0200
Change%
-0.01%
BEARISH STOP LOSS
Sold at
203.50
Open
203.87
High
204.33
Low
203.02
Close
203.15
Gain%
-0.17%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH STOP LOSS pattern finally received a confirmation because the values crossed below the Stop Loss level which was at 205.58, and our valid average selling value stands now at 203.50. The previous BUY signal was issued on 11/09/2023, 11 days ago, when the index value was 206.99. Since then ^TXEW has fallen by -1.69%.
The market changed its face while our beloved candlesticks were asleep. Though the system has not yet detected a bearish pattern, 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 stop loss level. The bearish stop loss is 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.
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern. more...
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