A very wide bearish up-thrust was formed on 6th Mar 2017 on comparatively huge volume, forming a bearish engulfing candlestick pattern, signalling a forthcoming end to the current bullish trend.
A very wide bearish up-thrust with enormous volume on 27th Feb 2017 signals a dramatic end to the recent bullish trend. This up-thrust also forms a bearish engulfing candlestick pattern.
A bearish engulfing candlestick pattern formed by a wide spread up-thrust with comparatively huge volume on 20th Feb 2017. Previous high volume candles from 16th Jan 2017 look like a selling climax.
Bearish up-thrust with high volume on 20th Feb 2017, forms what looks like climactic action after the high volume wide spread candle on 16th Jan 2017, signalling the forthcoming end to the current bullish trend
1. Supply coming in: up bar wide spread with high-ultra high volume closing off the highs of the bar follow by a down bar that confirms this weakness (2).
3. No demand bar: up bar with average-wide spread closing off the highs with less volume than the previous 3 bars, this signal needs to be confirmed with a down bar.
4. Trap up move: down bar with super wide...
