DislikedDear Hussin, can you help me, please? Is there a name for this formation? Seems to me like a reversal pattern. The second candle has higher high, engulfing, confirmation to go higher. Could it be also Harami? USDCAD daily {image}Ignored
Harami ruled out. Some would say a "three inside up" or some would say "tweezer bottom" as the lower bodies of both candles are at same level regardless they do not have same body size and wick length.
As for me, what i see is a 3bar reversal pattern similar to the first scenario. But this time with longer wicks and smaller bodies and to cap it, a spinning bottom (bullish pin bar) indicating some kind of reversal.
You have something like "3 black crows" but not with full bodies as it tends wane out with wicks and also not giving strong confidence/confirmation of a complete reversal/ downturn (strong reversal to the downside).
Hussin?
Grit; Knowledge; Positive Mindset, All you need to overcome. KIS!
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