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REVERSAL | February 17, 2009
The Dow's Dragonfly Doji And Double Dose Divergences
Technical analysis can offer us a glimpse into the future when we spot a divergence or candlestick reversal patterns and they offer clues to potential price swings and fluctuations. Either signal has credibility on its own merits, but when they have a bullish divergence on more than one intraday chart, while the daily chart puts in a reversal candlestick, it could be a winning combination for a successful trade.
by Ron Walker
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