04Jan PSEi - PSE Composite Index

Here's comes the Bearish Crab! About to complete the pattern. Check my previous post


Quick update;


1. Breakout from the horizontal resistance 
2. Price is near the Crab's Potential Reversal Zone
3. Price also above the upper band of the Bollinger... Meaning Overbought...
4. RSI reading at 73... Overbought
5. We see 4 blue/white Marubozu candlesticks. This type of candlesticks are bullish but this also indicates a reversal in the future.
6. Let's see if it will negate the Bearish Crab pattern and still move up to the triangles TP. But this might take some rest now...