Dow - sub-wave 9 dragged on

There was no confirmation to the 'Hangman' candlestick, sub-wave 9 is expanding into 5 mini waves, i-ii-iii-iv and v. As I have mentioned previously, at market tops or bottoms, reversal candlesticks can be found but the appearance of reversal candlesticks do not guarantee that the market will change direction, they need confirmation.

Candlesticks technical analysis was developed by the Japanese businessmen in the 18th century for daily rice trading, it is reasonably good in determining short-term direction of price movement.

Quote

The older I get, the more clearly I remember things that never happened.
— Mark Twain