You guys are seeing rainbow unicorns too?
The candle closed in the upper mid range as a lower red candle with -20c red body with super long 116c red tail & 37c neck
meaning its a DRAGONFLY CANDLE
dont know if its bearish or bullish till we see mondays candle.
You guys are not being objective nor fair on the TA imho.
Looking at WEEKLY CHARTS hides the latest CANDLES and that HORRID -200c ENGULFING RED ONE yesterday so plotting weekly charts you dont see the dirty window just see what you want to see instead of the brutal reality.
The reality is that today we saw the longest tail to body that ive seen here in a year
It followed a 6 day sharp green candle uptrend 1850 to 25 then a horrid long red candle
if this dragonfly was at the 26-27 level it would be known as a bearish red hangman.
But as its upper mid range in the 2275 - 2450 it might signal both
ie bearish due to the long plunge or bullish as it reversed sharply up from lows after a long red candle
However as it has NEVER appeared at the start of an uptrend, I am suspicious of it as it may indicate the shorts plunged it as a tester and covered back.
today should have opened lower 2350 like all the others did
nope opened higher 2410
it should have then went to 2300 where it should have closed around 2330
nope crashed to 2270 in minutes as a long red candle which is what the SHORTS wanted
but then V whipsawed +180c back above the open, what the bulls wanted, Wth?
then dropped -60c back to 2390 close, wth?
BOTH sides got a play and made money here so the robot again proved its sch!zo.
We are being played like a fiddle here up and down.
The DRAGONFLY can have 2 meanings so we will see which one it is monday -
View attachment 7069881"A Dragonfly Doji is a candlestick pattern in technical analysis that signals a
potential price reversal. It's identified by a T-shape with a long lower shadow and a
small or no upper shadow. This indicates significant initial selling pressure, but strong buyer intervention pushes the price back up to close near the opening level, suggesting a possible trend reversal.
Key Features:
- T-shaped:
The candlestick has a long lower shadow and a very short or no upper shadow, resembling a "T". - Long Lower Shadow:
This indicates a sharp drop in price during the period, suggesting strong selling pressure. - Small or No Upper Shadow:
This shows that the price was pushed back up to close near the opening, indicating buyer intervention. - Potential Trend Reversal:
The Dragonfly Doji can signal a potential change in the direction of the trend. - Indecision:
The pattern reflects indecision in the market as both buyers and sellers are present but the price ultimately closes near the opening level.
Interpreting the Dragonfly Doji:
- After a downtrend:
A Dragonfly Doji appearing after a downtrend can signal a potential bullish reversal, as it suggests that sellers' pressure has been overcome. - After an uptrend:
A Dragonfly Doji after an uptrend can indicate a potential bearish reversal, as it suggests that buyers' strength has been challenged. - Confirmation:
Traders often look for confirmation of the Dragonfly Doji with subsequent candlestick patterns to confirm the potential trend reversal.
In essence, the Dragonfly Doji is a signal that traders use to anticipate potential price reversals, particularly after prolonged periods of either upward or downward price movement"
(20min delay)