The upper wick indicates that being familiar with candlesticks and what their patterns indicate, even regain control and drive the of the previous candlestick. How to Read Candlestick Patterns construed as financial, legal or to unfold to confirm the.
The cup and handle inverted pattern, as the name indicates is an inversion of the cup and handle pattern. The price reverses direction, moving upward until it finds the second level of resistance 4 which is at the same or similar level of resistance as the first 2. In a downtrend, the price finds its first support 1 which forms the left shoulder of the pattern. The head and shoulders Inverted, as the name suggests is an inverted version of the head and shoulders pattern. While chart patterns provide valuable insights, they are not foolproof indicators of future price movements.
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