Nice analysis as always! Do you feel Pin ball has bearish implication in this case? I went through the Bramesh page, but could not get answer to this question.
"Pin Bar formed at the tops and bottoms of moves and they tended to signify strong trend exhaustion and possible trend reversals" - In this case, I believe trend reversal should be on the upside as this candle stick is formed at bottom... 'm I right San?
Hi San
ReplyDeleteNice analysis as always! Do you feel Pin ball has bearish implication in this case? I went through the Bramesh page, but could not get answer to this question.
Kindly clarify. Thanks. RDP
"Pin Bar formed at the tops and bottoms of moves and they tended to signify strong trend exhaustion and possible trend reversals" - In this case, I believe trend reversal should be on the upside as this candle stick is formed at bottom... 'm I right San?
ReplyDelete@Krishna
ReplyDeleteHari has got it right.
Thanks to both of you for clarifying. RDP
ReplyDelete