its said to be bearish. If the lower wick is short, it tells your theres very minimal buying pressure. You dont want to be selling forex ryska rubel at near or at a support level (which is a reversal point). How are candle wicks (tails/shadows) formed and what do they mean? But think about this if the price had moved the way I analysed, I would have made a lot more profits than what I lost.
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I saw a shooting star so I took another short trade. That equates to the area of the 5min chart above! You will notice that I took the first trade on the first downward trendline based on a bearish harami and also a spinning top pattern there but then price intersected that trendline and went up to the 2nd downward trendline. Area 4 Evening Star. Some will most binary options websites likely wait for retest of neckline and then sell.
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