The Shooting Star – starring Douglas Emmett Inc.

I have been reviewing charts this morning and have been seeing a fair number of Trend Reversal signals – like the Shooting Star. For those that are not aware, here is a quick look at this signal courtesy of Bulkowski:

For a real life example to illustrate, I bring you the Daily chart of $DEI (Douglas Emmett Inc.):

Some additional points to make the case for good Trend Reversal signal here are:

  • way outside upper Bollinger Band
  • lower volume on the recent push up
  • low Volume at Price at this price level

This should be high probability short into the coming week so make your own trade plan accordingly.

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