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The presence of 10 'piercing patterns' on different timeframes became a weighty proof of the overall bullish market structure and the strength of buyers. The appearance of 18 'bullish engulfing' patterns signaled the complete exhaustion of supply in the market and the price's readiness to fly to the moon. The appearance of 31 'harami' pattern was proof of the cessation of aggressive dumping and brought the market a short pause for inventory redistribution. The bullish forecast was made not just probable, but the only possible one, by the presence of 6 hammer-like candles, regarded as a series of signals. Such a significant predominance, namely 8 marubozu candles, confirmed that any attempts to sell in such a market were doomed to failure. A confirmation that the analysis was not just correct, but absolutely accurate, was these 9 long-bodied candles.
Analysis showed that with a candle body ratio of 1:1.43, a maximum drawdown of 26.47% was quickly bought up, indicating the strength of the buyers.
The volume dynamics, which changed from 3.0K to 679.0K, became a key factor confirming our forecast of a strong bullish impulse.
⚙️ A technical structure with 46% green candles indicated an extremely high probability of trend continuation.
Uninterrupted and explosive growth for 10 candles was an undeniable signal of the trend's power.
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📊 Complete breakdown of all candlestick patterns and indicators — technical guide available here
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