Hi guys, I was wondering if someone could help me out with something simple.
I have been watching the daily chart on a stock and anyway the last two days have been down. The open on the previous day was at the high and the close near the low for the day. Now the latest day (Friday) the open was above yesterdays close there is a fair bit of range downwards and it closed above yesterdays close but below todays open. I was wondering what kind of reversal signal is that? I know the basic ones like pivot points, open/close and key reversal but cant figure that one out. I cant find any helpful technical sites on the stuff so any help would be great