Not exact matches
Although all signs point to prevailing small and mid-cap strength throughout 2017, please keep in mind that
bullish chart
patterns have a
very low chance of success in bearish markets.
The
very fact that there is a dramatic color difference between
bullish and bearish bars makes spotting forex candlestick
patterns much easier than using a standard bar chart of bars that are the same color.
This
bullish piercing
pattern was preceded by a bearish (downward) price movement, which is a requirement to qualify taking this trade; the context is
very important whenever you're doing any kind of price action trading.
The two candles that formed the
bullish harami signal look fine, however, this
pattern did not come after a
very good downward trend in price.
What I was doing this weak was selling strength, knowing that my risk was the breakout of the
bullish pattern, which I thought was
very unlikely although I would let the market decide.
The strategies include Turbo Breaks, Up / Down Big in Pre Market, Rally off of the Bottom,
Bullish / Bearish Candle
Patterns, Down Big Yesterday but Up Big Today to
very unique ones like Short Overextended Up Move - Hold for 45 Minutes 67.7 % Success.