Yesterday’s bar (2015-09-08) for me is kind of especial because most of the time after this type of bar, the following bar is like a Z bar(now we can see, at the moment of the writing, a bearish bear is forming, it looks like the final form of the bar will be like a Z, in the chart I drew how looks a Z bar).
And when you find this type of bar after a bullish trend (even this one have been in a short period of time) it means, most of the times, the trend is close to the end, the trend will be finishing.
Moreover the RSI indicators tell us something is changing, at least in the pending of the line.
Around 1345 there is a strong support, the prices could get close this support. Take profit would be established around this.
And when you find this type of bar after a bullish trend (even this one have been in a short period of time) it means, most of the times, the trend is close to the end, the trend will be finishing.
Moreover the RSI indicators tell us something is changing, at least in the pending of the line.
Around 1345 there is a strong support, the prices could get close this support. Take profit would be established around this.