^PSAL PSE
PHILIPPINE SE ALL SHARES INDEX
SHORT
Close
3488
Prev.Close
3497
Change
-9.0000
Change%
-0.26%
BEARISH STOP LOSS
Sold at
3493.01
Open
3500
High
3500
Low
3474
Close
3488
Gain%
-0.14%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SHORT. The BEARISH STOP LOSS pattern finally received a confirmation because the values crossed below the Stop Loss level which was at 3502, and our valid average selling value stands now at 3493. The previous BUY signal was issued on 17/05/2023, 9 days ago, when the index value was 3530. Since then ^PSAL has fallen by -1.04%.
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 go for a bearish bet. Today’s candlestick has a black body and its close is below the stop loss level. The bearish stop loss is confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.
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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