A failure to break resistance of 12,900
On Wednesday, the TSX Index reached a 52 week high and a tentative breakout above resistance of 12,900.
On Thursdays, the doji candlestick showed the indecision of traders.
On Friday, traders made their decision. The shaven bottom candlestick shows the sell-off on above average volume. This does not bode well for trading on Monday.
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.