We formed a Bullish Harami candlestick pattern using today's and yesterday's candles. We also closed near the top of today's trading range, and above all the Moving Averages, which is bullish.
Another possibly bullish setup is that candles have been creeping along in a relatively tight range as the 8ema climbed to meet them. Today's low touched and bounced off the 8ema. This kind of price action often precedes a pop to the upside. Although, the channel made by the candles is usually more horizontal, where this is at a 45 degree angle. The diagonal channel may be a bullish sign, but its very rare in my experience, and frankly I'm not sure if its bullish, bearish, or irrelevant.
On the other hand, see how the red Stochastics line is slightly dipping downward while price is still climbing? That could be the beginning of a Negative Stochastics Divergence. If so, that would be bearish. But its too early to tell.
I'd say the bullish indications outweigh any bearish indications, at least at the moment. Certainly no good reason to close the position.
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