Today Market closed positive. Well, it is good.
Let us look into the each candlestick for the past four days.
2, 3 and 4 could not pierce through the prior high, but breached the prior low.
Which has more bearishness hidden? Visually No. 3 isn’t it?
Will you agree that it was today’s? Some of you may not.
Yes. I would say it is today’s candlestick which is more bearishness hidden. Look at it in a different way.
Today’s candlestick could not move above prior high. Not even the mid point of “3” (see the horizontal Line). It has the thinnest real body too…
All others moved far above the prior mid point of the previous one. Additionally, today’s low was lower than yesterday (others too).
Do you agree now? I presume so.
I do not want to guess what will happen tomorrow. But I can clearly say that today’s price action has more bearishness hidden within.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
