Hi, someone know that candle pattern?

TheDawn said:
It's a weak version of either bullish engulfing or piercing line so even though the price went up after the pattern, it didn't stay up for long and eventually came crashing down. If it's a bullish engulfing, the bullish candle didn't really engulf the whole down candle. If you count it as piercing line, the bullish second candle didn't open low enough so the sellers didn't all leave yet so that's why when there was weakness in the market later, the price still came back down.

Of course that's all from hindsight. The price pattern after the two candlesticks could be completely different. Candlestick patterns are reliable only 30% of the time and are very open to interpretation.
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Thank for your answer, it will be good to me study more. I wnat know about candle because I want pu in my dainly trade notes in sheets, it's always good study. Nice answer.
 
TheDawn said:
View attachment 346691

The pattern in red circle is pretty classic Bear Engulfing pattern, together with the bull candle before it, it forms an Evening Star pattern. Both of these patterns by themselves individually are quite strong reversal patterns with Evening Star pattern one of the most reliable reversal patterns so they do make nice price entry points.
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Hello, I wanted to know this pattern so I can put it in my notes. Someone posted a picture showing that this pattern is a piercing line, so I'm going to put it in my notes about buying with this at the pivot, but with the average in front of it, which is 200, and I'll know the probabilities for this. Thanks for your answer.
 
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