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What exactly do you see in the third highlighted candle? These are the type of setups I usually miss because my eyes aren't adjusted to seeing them as setups. Would it be because of the 3 candles pushing price down, then that would be a reversal candle? Is there any kind of psychology behind the candle I should be aware of?
And what makes the second highlighted candle bullish? |
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James,
As Tin said, that is a bearish formation - a shooting star. If you were filled, it failed as a short. Again, depends on if your entry criteria was met.