Please see the attached image. I’ve learned the reversal candlestick patterns but I couldn’t find what to do in such a situation where a stock suddenly starts moving up.
If u have missed the bus then don’t do anything in such cases. No shorting opportunity. No buying.
Stay away & move on.
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Suppose that I see the long bullish candlestick after a sideways movement as seen in the image when the first long bullish candlestick forms. i wait for confirmation the next day or two. But although the market is moving up the candlesticks are spinning tops signalling indecision. Should I then have invested in this stock. Just asking for future reference
My response was for intraday.
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