First off, this is not a technical analysis, but a overview of the history.
So whatever happens in the day to day basis is just a drop in a ocean here.
However, one can argue that history is not really a good measure of the future, that said, this is merly a reference what has happened before.
I like patterns and analyzing them, from my perspective this is what i see in the long term.
Each time we have been faced with 2 red candles we have been in for a serious ride up, so what will happen next? Who knows.
What i can tell is that when/if next bull run happens, it's not gonna be like any other, thats what i think.
So whatever happens in the day to day basis is just a drop in a ocean here.
However, one can argue that history is not really a good measure of the future, that said, this is merly a reference what has happened before.
I like patterns and analyzing them, from my perspective this is what i see in the long term.
Each time we have been faced with 2 red candles we have been in for a serious ride up, so what will happen next? Who knows.
What i can tell is that when/if next bull run happens, it's not gonna be like any other, thats what i think.
A morning star is a bullish candlestick pattern that consists of three candles. The first bar is a large red candlestick located within a defined downtrend, the second bar is a small-bodied candle (either red or white) that closes below the first red bar, and the last bar is a large white candle that opens above the middle candle and closes near the center of the first bar's body.