Should we consider this a bearish kangaroo tail?
What is a bearish kangaroo tail? A valid bearish kangaroo tail is a single candle that has the open and the close of the kangaroo tail both in the bottom third of the candlestick. The kangaroo tail is a catalyst that suggests the market has gone too far, and has quickly reversed course. Kangaroo tails often penetrate a zone before closing on the other side of the zone.
What is a bearish kangaroo tail? A valid bearish kangaroo tail is a single candle that has the open and the close of the kangaroo tail both in the bottom third of the candlestick. The kangaroo tail is a catalyst that suggests the market has gone too far, and has quickly reversed course. Kangaroo tails often penetrate a zone before closing on the other side of the zone.
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