The Bears are done here I believe. With the Close of the Long Candle at a 624, followed by the Candle’s Open — just under the LBC at 623 — with it’s close being at 622 (very important that it closed below the LBC’s Close), and now the Long Candle’s (soon to come to fruition) Open being EVEN with the Candle’s Close, will signify the beginning of the Running of the Bulls!
Trade well my friends.
Today’s Open is EVEN with Yesterday’s Close! This is extremely important to the upcoming Moring Star completion! Hodl on tight, gentlemen!
My keen eye is saying, due to many of the technical reasonings I’ve stated in my original post, that I believe, in the chart’s current state, that this will become a Morning Star pattern - completing the reversal of the market.
What you need to understand is that “Textbook Patterns” are rare; they’re really just a guideline. There is no cookie cutter way to trade the markets due to how manipulated it is by Whales, the weak-hands of many traders, and being backed by a 100% guarantee that no one can trade with a 100% success rate.
If you’re not comfortable with my technical analysis, you’re more than welcome to enlighten me with your predictions.