Since it showed a rejection of lower price and was much larger than the other candlesticks in the area, I would consider this to be a pretty strong bullish indication — even though it occurred
from sideways price action.
Not exact matches
Never take this signal
from a consolidating market (flat or
sideways price action).
October Nymex crude oil futures saw a big rebound
from the August low, but recent
price action has been choppy and
sideways as the market pauses.
BTC markets have produced
sideways consolidatory
price action in recent days, following bitcoin's dramatic crash
from almost $ 20,000 USD to test a low of approximately $ 11,000,...