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05/09/18
12:12
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Originally posted by beisha
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Thanks Hoots, would i be right in saying that if the inside candle breaches 50% of the prior engulfing candle, that could be construed as slightly bearish as it indicates maybe a continuation of the down trend?
Tomorrows action might provide an indication where this SP goes short term.
AIMHO GLTAH
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Bear in mind that a candle is just a pictorial representation of what buyers and sellers are doing/thinking. A pause before continuing upwards hopefully
https://backtestwizard.com/inside-bar-candlestick-patterns-4/