Price has broken up from the rectangle.
Bad candle today but as of late any candle or candles need confirmation.
The psychology of a shooting star can be the bull's had price at the top of that upper wick but the bears won and brought price back down. This occurred at a resistance level which can make it more important.
This candle can change by close.
Overbought.
T1 and T2 met.
No recommendation
Bad candle today but as of late any candle or candles need confirmation.
The psychology of a shooting star can be the bull's had price at the top of that upper wick but the bears won and brought price back down. This occurred at a resistance level which can make it more important.
This candle can change by close.
Overbought.
T1 and T2 met.
No recommendation
Note
The red R line should be changed to green or blue as it is now support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.