now sitting as a higher doji again with 30c tail 40c neck
fully engulfed in the prior red long candle
a bullish harami candle pattern formed today
shorts didnt break the 2430 area today
and attacked the 2500 high
and again attacked the 2470 high
now dropping it to 2440 again below the open
regardless TA is mixed now
MACDs sharply lower
RSI got smacked down last few days but now up today
the bear trend may be reversing or it may be another head fake yet again.
The candle pattern is a bullish harami with a reversal candle engulfed by the prior long red candle, see here-
"A bullish harami is a candlestick chart indicator used for spotting reversals in a bear trend.
It is generally indicated by a small increase in price (signified by a white candle) that can be contained within the given equity's downward price movement (signified by black candles) from the past couple of days.
A bullish harami is a candlestick chart indicator suggesting that a bearish trend may be coming to end. Some investors may look at a bullish harami as a good sign that they should enter a long position on an asset."
You would be NUTS to try to catch this up or down after such a long red candle day.
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