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The pattern I posted about on Sunday did not form. The market opened, and UNG opened down. That was the end of the abandoned baby candlestick pattern. Although it did manage to get back up to 13.75 despite the downward gap. It is also at all time lows. Sorry for the late update, I lost my [...] The stock symbol UNG (United States Natural Gas Fund) is two candles into an abandoned baby pattern. Those of you that know this pattern, also know that it is very rare and very strong. Another possibility is the Morning Doji Star pattern, which is also a strong buy signal. Best of all, the doji was [...] Today’s Japanese candlestick pattern is called the “Hanging Man”. It is a reversal pattern that is often found at the peak of an upward trend. |
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