Most of the INDICATORS are turning BULLISH, but we could use one more up day for confirmation of a massive uptrend... For example - RSI was over 50 for much of the afternoon, but close just below 50... Also, the .02 - 50 day moving average would be a massive buy signal if we can close above it.
BULLISH Signs are imminent MACD Crossover, the SAR trend dot did already flip, and is now below the chart... BULLISH... The Bollinger Bands are pinching, and will expand outward in the direction of the next rally!
We have 2 white candles, a third white candle of the same pattern, would indicate the 3 WHITE SOLDIERS breakout pattern, which is one of the strongest patterns in chart reversal theory.
Accum/dist is still near rally highs, showing underlying strength despite the recent correction in the chart.
American Bulls
Let’s-jump-on-our-white-horses-and-go-for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity
Signal Update-Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.0156, and our valid average buying price stands now at 0.0157.
Last Signal:BUY Last Pattern:BULLISH HARAMI
Pattern Description This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.
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