Peculiarities of the pattern’s formation and use
As a rule, a wide ranging bar means that either sellers (if it closes on its lows) or buyers (if it closes on its highs) prevail in the market. However, the market may turn upside down in a fraction of a second: yesterday’s victors risk understanding that they have been trapped and will be ready to put up a white flag. Such situations are indicated with an inverted bar in the chart. Its body’s size (spread) is the same as in the previous bar while the closing and opening prices are inverse. This…
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