UPTOBER HERE WE COME!
Dear Traders and CryptoLovers!
October is here, and that means one thing—Uptober!
Historically, October has been a bullish month for crypto, and with signs of a Bullish Harami forming, we could be gearing up for a potential reversal in the market. The pattern we're watching suggests a possible shift from the recent downtrend. The key here is the smaller second candle closing within the first, signalling the bulls might be stepping back in.
While the start of the month could be choppy, the confirmation of this pattern by the October monthly close could be the push needed for a strong rally ahead.
Bullish Harami: a bullish reversal pattern (which occurs after a downtrend). When it appears in a downtrend, it is a bullish signal.
Recognition Criteria
To identify a general Harami pattern, look for the following criteria:
If you have any questions, please reach out!
October is here, and that means one thing—Uptober!
Historically, October has been a bullish month for crypto, and with signs of a Bullish Harami forming, we could be gearing up for a potential reversal in the market. The pattern we're watching suggests a possible shift from the recent downtrend. The key here is the smaller second candle closing within the first, signalling the bulls might be stepping back in.
While the start of the month could be choppy, the confirmation of this pattern by the October monthly close could be the push needed for a strong rally ahead.
Bullish Harami: a bullish reversal pattern (which occurs after a downtrend). When it appears in a downtrend, it is a bullish signal.
Recognition Criteria
To identify a general Harami pattern, look for the following criteria:
- There is a prevailing trend, whether it’s an uptrend or a downtrend.
- The first candle must continue in the direction of the current trend. It will be the same colour as the current trend and have a long body.
- The second candle must be contained within the first candle’s body (so it opens and closes within the first candle's body). It can be either colour, and it will have a smaller body. Only the body needs to be contained within the first candle; the wicks are irrelevant.
- The next candle confirms this pattern (this is the October monthly close)
If you have any questions, please reach out!
Note
unsquished chart
Note
3 month chart close
A Dragonfly Doji is a candlestick pattern signaling a potential reversal, either up or down, depending on prior price action. It forms when an asset's high, open, and close are the same, with a long lower shadow indicating strong selling that buyers absorbed. After a decline, it suggests a potential price rise; after a rise, it signals possible selling and a price drop. Confirmation comes from the next candle.
❣️Lisa N Edwards❣️
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gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
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