Candlestick Analysis
Todays Candlestick Patterns:
White Spinning Top
Reversal/Continuation
Today a White Spinning Top was formed. This represents complete indecision between the bulls and the bears.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. The market opened with a gap up and the days activity resulted in a close higher than the open. This is a valid confirmation criterion. The market is now ready for a bullish move.