Wednesday, September 10, 2014

1472 - follow up from previous post

This is graph is the same as previous post, just with an additional candle.
So is it pin and also engulfing?
I am doubtful about it.
Cause engulfing is supposed to be a single long bullish candle testing the zone, followed by a long bearish candle out doing it.
The above consisted of too many candles at the peak.

Engulfing pattern, in my opinion, should be standing alone at the peak.

No comments:

Post a Comment