On the intraday time frame, BCH / USD is obviously stuck at $ 1,100, with the long -
legged Doji candle, signaling that the bulls are exhausted at this stage.
Long -
legged doji represent a more significant amount of indecision as neither buyers nor sellers take control.
A long
legged doji has formed right smack on the 61.8 % Fibonacci retracement level.
With this in mind, we should only consider Popgun bar patterns with a directional outside bar, and not a long -
legged doji.
Monday's long
legged doji back above the 100 day SMA though was confirmed higher Tuesday and it continued up, ending the week above the 20 day SMA.
The week played out with Gold dropping Monday and consolidating all week until another hit Friday while Crude Oil printed a series of long
legged doji in consolidation.
Not exact matches
Bar 23 - Possible second
leg trap in a trading range, lower high major trend reversal, bear two inside bars, always in bulls can exit below and buy again above bull bar, ok swing sell or short but 2
dojis so lower probability, ss3