Piercing Line ( Detected )
By the closed price in Friday, I saw a candlestick pattern that called a Piercing Line.
This is one of the basic candlestick pattern that shows us a sign for reversal movement, from the deep correction suddenly this pattern was form and could be a sign for the end of the 4th wave from Elliot Wave. From my perspective, I saw the 61% area from Fibonacci as the bottom of this correction.
For those of you who wants to take less risk can wait for a confirmation candle before entry Long Position.
And for some of you who like to speculate can take Long Position in the opening market tomorrow.
Good luck and have a nice profit!!
Please leave your " Like " if you think this is helpful
Thanks!!
This is one of the basic candlestick pattern that shows us a sign for reversal movement, from the deep correction suddenly this pattern was form and could be a sign for the end of the 4th wave from Elliot Wave. From my perspective, I saw the 61% area from Fibonacci as the bottom of this correction.
For those of you who wants to take less risk can wait for a confirmation candle before entry Long Position.
And for some of you who like to speculate can take Long Position in the opening market tomorrow.
Good luck and have a nice profit!!
Please leave your " Like " if you think this is helpful
Thanks!!
