In today’s update I would like to discuss a Candlestick pattern known as the Hanging Man.
Let’s start with a post from my eToro feed from 10 days ago.
Now, let’s move 10 days forward and zoom in on nr 5, 6 and 7.
Combined with all the other charts and analysis I provided on my eToro feed (Margin Debt, Central Bank Policies, Stock Buybacks, Japan 1986 scenario, Monthly, Daily and 4h charts of the US markets) I think the risk is to the downside.
So does this mean a sell off is coming? It might be possible and it’s about time. But as we all know, there are no guarantees. What I do know is that the US markets are walking a slippery path…check out these two CRASH patterns that warn for a rough period ahead.
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