Bullish Candle Pattern Analysis (Body > 1.5%)
Hey Trado,
I've analyzed a bullish candle pattern for today where the candle body is greater than 1.5%.
I checked the last 31 occurrences of this pattern on the chart, and here are the results:
New Positive Candle: 71% of occurrences resulted in a new positive candle following the pattern.
50 Points Above Pattern Open: 71% of occurrences reached at least 50 points above the pattern's open price.
100 Points Above Pattern Open: 71% of occurrences reached at least 100 points above the pattern's open price.
200 Points Above Pattern Open: 61% of occurrences reached at least 200 points above the pattern's open price.
Please see the chart below for a visual representation of this pattern and the results.
Thanks!