This has been my twitter pic for years and still remains one of the best patterns to trade.
Now this is a bullish pattern .. the no of black bars here can be 3,4, 5 or even more... does not matter. A slower retracement of the previous bull bar is usually bullish.
Inversion of above pattern will indicate further bearishness.
Now this is a bullish pattern .. the no of black bars here can be 3,4, 5 or even more... does not matter. A slower retracement of the previous bull bar is usually bullish.
Inversion of above pattern will indicate further bearishness.
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