YCL demonstrated a large equivolume bearish hanging man (blue arrow). The Bearish Hanging Man Pattern is a single candlestick and a top reversal pattern. The low of the long lower shadow indicates that the sellers pushed prices lower during the session. The black real body shows that even though the bulls regained their footing and drove prices higher by the finish, the close was not able to get back to the opening price level. YCS will be tracked for a new trend confirmation.
The lower chart suggests that after the yen rises (red lines), it falls (purple lines) as the US dollar continues to fall (light green lines). Ultimately, the dollar rallies (dark green lines) as the yen resumes its rise. The has recently been associated with consolidation in the SPX (dark green arrows).
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