ive given this a go also today been (trying) to day trade it a bit looks like might be time for a longer hold? mind you its getting shorted to the you know what and not confirmed but todays signal and close looked good
looks like a reversal sign called a bullish harami to me. Maybe another chartist can offer opinion (peak bottom?)
Harami: A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.
Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal.
Just think there are X Trades out there in the millions 35-40 so 26-28 doesnt seem so bad !! :)
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