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The presence of a large player in the market interested in raising the price was indirectly confirmed by the appearance of a 1 'piercing pattern'. As proof that the market was ready to grow, 1 'bullish engulfing' pattern was formed. The observed 4 'harami' patterns were interpreted as a series of warnings for sellers who ignored the change in balance until the very end. This 1 long-bodied candle became a signal that the target is within reach. Complete confidence in the correctness and accuracy of the analysis of this growth is given by the 1 case of the appearance of a candle closing at the high. It was these 3 outside bars that formed the main growth impulse, making it explosive and difficult for sellers to predict.
The movement with a candle body ratio of 1:1.40 and a maximum drawdown of 2.84% was devoid of any unpleasant surprises, which speaks to its predictability.
The volume dynamics from 148.4K to 906.5K are a prime example of how volume confirms price, not the other way around.
🧐 A rapid strengthening of buyers was confirmed by the fact that 92% of the candles closed in the positive.
The long-term trend towards parabolic growth was determined by a series of 7 green candles.
✨ We turn volatility into opportunity. An accurate 🤖 AI forecast, given in advance, allowed our subscribers to ride this wave of growth and make a 💰profit.
💡 Understanding patterns is key to independent chart analysis. Full guide available
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