Neutral pattern until a trendline is broken.
There appears to be a smaller rectangle inside a larger rectangle.
Price is at a resistance level today.
A thrusting candle pattern is formed when a long red candle is followed by a green candle. The green candle closes above the black candle's close, but it doesn't close above the midpoint of the red candle's real body. In the past, this pattern has been known as a bearish continuation pattern, but can also serve as a bullish pattern in some instances. So basically, this candle pattern needs confirmation for sure.
If the green candle did close above the midpoint of the red candle, it would be called a piercing candle.
A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range. The piercing candle pattern is the bullish version of the Bearish Dark Cloud Cover pattern where a red candle closes half way of more (without engulfing) the prior green candle.
No recommendation.
Short percent is less than 1% with 2.1 days to cover.
There appears to be a smaller rectangle inside a larger rectangle.
Price is at a resistance level today.
A thrusting candle pattern is formed when a long red candle is followed by a green candle. The green candle closes above the black candle's close, but it doesn't close above the midpoint of the red candle's real body. In the past, this pattern has been known as a bearish continuation pattern, but can also serve as a bullish pattern in some instances. So basically, this candle pattern needs confirmation for sure.
If the green candle did close above the midpoint of the red candle, it would be called a piercing candle.
A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range. The piercing candle pattern is the bullish version of the Bearish Dark Cloud Cover pattern where a red candle closes half way of more (without engulfing) the prior green candle.
No recommendation.
Short percent is less than 1% with 2.1 days to cover.