Can the TSX Index hold above major resistance of 15000?
TSX Index 6-Month Daily Chart Courtesy of StockCharts.com
Reference the candlestick chart published on October 16 showing the hammer on the weekly chart and the bullish engulfing pattern on the daily chart which indicated the bottom for the TSX Index.
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View from the weekly chart for the TSX Index
TSX Index 3-Year Weekly Chart
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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.