PROTECTED SOURCE SCRIPT

Confirmation candle

6 154
Confirmation candle include 2 price action patterns to confirm reversal.
First one is clasic engulf.
Second one is 3 candles patter that shows failed auciton.

Patterns are confirmation for trend setups, not reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.