Most candle patterns place emphasis on the first bar eg. engulfing bar or strong candle following a doji, for when price action is reversing or resuming original direction after a retracement.
So what would the candle pattern in the pic be called? This is pretty common and doesn't seem to be given a name. I am stating that it is a significant reversal pattern since the first green candle is hardly different from a doji and it is a strong bullish candle anyway. It does occur at previous resistance - H4 on the GBPSGD as of 01/10/2015
So what would the candle pattern in the pic be called? This is pretty common and doesn't seem to be given a name. I am stating that it is a significant reversal pattern since the first green candle is hardly different from a doji and it is a strong bullish candle anyway. It does occur at previous resistance - H4 on the GBPSGD as of 01/10/2015
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