Technical Analysis: TSX Index candlestick chart

Can the TSX Index hold the 12,000 support level?
Candlestick chart analysis for the TSX Index showing the near-term downtrend with support at the 12,000 level.  The doji candlestick shows the stalemate between the bulls and the bears.

TSX Index Weekly Candlestick chart

Reference the last chart analysis for the TSX Index posted on April 6, 2012.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

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