PSEi weekly - on it's way to test possible support at 3173


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PSEi formed an almost top and bottom shaven black candle with lower high and lower low.

The formation of shaven top and bottom black candle might have bearish implications. An upper and lower shadow measures the uncertainty of the move to the upper and lower limit of the price action. The lack of uncertainty means that price is almost certainly or definitely bearish...

Careful traders...
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