Is it a reversal?

This is a Weekly chart.

nothing is sure in trading … but anyway … how much % probability you would give this chart as a sign of reversal ?


At least 51% and maybe as much as 52%.

My potential concern, if actually trying to trade such things, would be that it may not go far before encountering quite a lot of resistance (that was recent support), even if it is a reversal.

It looks like “ABCD” and with trend line joining the two recent swing lows, it appears doji (contained in the circle) will be sitting right on it. Also, doji should be sitting on “PRZ” (leg D) which is more green light to go long. I give this 75%.

It looks like there will be a reversal for more than 50% but as you said there is nothing sure in trading. My be if you include some fundamentals will help you out to make your decision.