DislikedOnly speculative trades. lol
Since we are proceeding with our final prognostications of the session:
The 4hr has performed it's obligatory kiss of the 5sma which
completes a minimum necessary retracement... (bullish)
The previous long legged doji (pin bar) with long wicks / bar is
simply a sign of strong indecision rather than a reversal.
The aforementioned hammer is a bullish reversal signal now confirmed
by the subsequent candle that closed higher.
The daily shows a bullish engulfing pattern in the making (~2 hrs
remaining),which could be a strong continuation signal of the upward
channel.
We haven't completed the 50% retrace on the daily charts for 11/01
thru 11/22.
The charts comfirm the market's head in the sand attitude towards
fundamentals wishing to promulgate the 'all is well in zion', 'emperor's new
clothes' notion when in fact there is really 'no new clothes' to display in
the parade.
Still the 'stockings are hung by the chimney with care', filled with stuffings
bought on credit.Ignored
absolutely beuatiful thank u! lol here comes santa!