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Re: elks post# 23817

Thursday, 05/13/2021 11:44:30 PM

Thursday, May 13, 2021 11:44:30 PM

Post# of 171948
Nice observation. Here is another chart. It was larger and wouldn't fit the page so I had to resize it. So unfortunately the quality isn't as good. I should have perhaps taken the time to resize it properly.



On the daily chart, go back to the end of April . On the April 30th (Friday) candle there was a small body with long wicks above, and below the body of the candle. Then on May 3rd there was a bigger Red Candle, and the price finished just below the previous day's price on Friday (the 30th).

Now the interesting part. On Tuesday, May 4th there was a Super Huge Green Candle. Next there were 3 down days followed by another Monster Green Candle.

Tuesday a new high was hit but pulled back. Yesterday saw a Hammer Candle followed by a bigger Red Candle closing slightly lower than yesterday's price.

If the pattern holds true then Tomorrow (Friday) we are due for another Monster Green Candle.


All IMHO only.



Good night everyone.



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