Maybe it is early to post this but i would like to share my idea in good time. Maybe im wrong or right i dont know yet, but we will have the confirmation but the end of the day.
So the candel stick pattern bearish harami is a smaller red candel within the body of green candel. This pattern often occurs on the bull market just before a bearish trend. Which you can see on the chart 15th and 16 aug! That was a bearish harami candelstick pattern. But now its not really a uppward trend and thatswhy i dont know if its the same pattern here but the information is the same. A strong blue candel and a red within the body of blue day after. But we cannot only rely on candelstick and thats why we have to look on other indicators such as RSI and Stoch to understand the divergence and momentum. The Rsi is on the almost at the neutral level close to 50 and stoch and mac is showing bearish divergence so i would take a chill pill right now when it comes to LINK!
Not a financial advice, just my personal thoughts. Your investment is always your responsibility.
So the candel stick pattern bearish harami is a smaller red candel within the body of green candel. This pattern often occurs on the bull market just before a bearish trend. Which you can see on the chart 15th and 16 aug! That was a bearish harami candelstick pattern. But now its not really a uppward trend and thatswhy i dont know if its the same pattern here but the information is the same. A strong blue candel and a red within the body of blue day after. But we cannot only rely on candelstick and thats why we have to look on other indicators such as RSI and Stoch to understand the divergence and momentum. The Rsi is on the almost at the neutral level close to 50 and stoch and mac is showing bearish divergence so i would take a chill pill right now when it comes to LINK!
Not a financial advice, just my personal thoughts. Your investment is always your responsibility.
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