TraderSamwise

Recovery Consolidation Breakout

BITMEX:XBTUSD.P   Bitcoin
In a tight range, consolidation leads to small green candles. 3rd candle or so starts selling off from open, with little upside wick, then bids step in and save it, giving a long green wick and substantial candle body (usually happens close to the candle close). Next hourly open pumps. Important that candle with wick has enough of a body.
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