I'm excited, but my master candle reading is bearish.
The reading got very bearish today, a day of great bullish price action. It may just mean a little pullback, but it is strongly bearish. Less bullish patterns today as well as more bearish patterns. We'll see what happens soon.
To refresh anyone interested, I take the number of hits on hotcandles.com on the 33 listed top bearish patters and the 33 listed bullish patterns and keep a running total. On March 9th the reading turned Bullish on a down day and the market exploded. I just started this and don't know where it will take me. I suspect it will be good sometimes and bad others like any other indicator. We shall see. http://www.hotcandlestick.com/candles.htm
Last ten days 33 bearish patterns and 33 bullish pattern formation hits
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