Perlin Initiated a Reversal…!
candles squeezing nicely on ma 200 and raised
In the end of downtrend we have a one pattern named (marked with blue light)
since when this pattern appears,it means to sellers were not able to push any further.
In case if you enter, you can put the stop-loss below this pattern.
Indicators what show to us :
- price passing validly from MA 10
- Higher low confirmed (Backed by MA200 )
- Intersection of “higher highs” with but still neutral
- MACD progressively and breaking the signal line
Precaution Hint :
You can use 38% fibo level to trigger.
“Thanks for your support”