The candlestick indicates an uptrend pattern due to significant price movement with volume above MA20 from the previous day and with the price closed above MA50 line. Where in the previous day there was a price correction due to short position from the traders.
MACD and OBV indicate a divergence signal hence confirming the price candlestick movement to an uptrend...
Price currently at selling climax with short-term reversal HND pattern, im expecting price might move toward 1.800 level .
im watching for trading opportunity.
IQGROUP showing a Reversal Pattern. If the price closed higher with candlestick crosses over MA20. This will be a position indication for a Bullish pattern. MACD chart is still in a negative pattern and the OBV chart shows a divergence pattern. When MACD and OBV charts confirm a divergence signal together with candlestick crosses over MA20. Then this will be a...
