left side: hammer
three reds in the middle
right side: huge green candle
this is bullishness
three reds in the middle
right side: huge green candle
this is bullishness
if this candle closes green and engulfs the three red candles, then bullishness confirmed
(refer to rising three pattern above) ^
(refer to rising three pattern above) ^
if this candle closes above resistance trendline, we have a breakout :-)
wish i took the pump trade there but i was busy typing for the channel HAHAHAH
that's why its very important to understand and study price action (how candlesticks move) !! you will be able to see the hidden bullishness/bearishness and have a sense of how the market will move
seems like this resistance trendline is very strong
bulls failed to breakout
this is already the 5th touch
bulls failed to breakout
this is already the 5th touch