How do traders know when a market decline is ending? Thanks to the analysis of candlestick patterns!
We have already told you about the hammer, the morning star, and the three white soldiers. Today, the post is about Bull Harami.
Most often, it can be seen at the bottom of a bearish trend.
First, you see a large red candle on the chart, which is immediately followed by a green one. However, this growth is minimal, and the size of the green candle itself is usually 3-4 times smaller than that of the red one.
The last nuance is that the price of opening trades on the green candle is higher than the price of the closing trades on the red candle.
If you see such a pattern, carefully follow the course. This is a major sign of strength that leads to more people placing buy orders, which in turn fuels the coming uptrend
Use our lessons and succeed in trading with QMALL.
#QMALL #Qpedia
