Confirmation hit with this candlestick pattern that price will go down
This is a good candlestick pattern, my favorite, and although I would have liked the wick to have closed a bit lower (the last red candle), it's still a good indicator (84%) that price will move lower with the next few candlesticks. These candlestick patterns are stronger with larger timeframes. This is the 1hr
Taken a bit earlier to illistrate the pattern.
Shark & 5-0
Price has hit D point, and should continue to fall. Look for a reversal at the 50% zone, because there will be support/resistance there from the B point.
@originalworks
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The @OriginalWorks bot has determined this post by @corganmusic to be original material and upvoted(2%) it!
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Ayyyyy! look at the bounce at the .618!
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THERE WE GO BOYS!
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