The elements that confirmed the birth of a powerful trend were the 15 'piercing patterns', which were clearly visible on the chart. Evidence of the formation of a strong bullish consensus in the market was the appearance of 21 'bullish engulfing' pattern at a key moment. The final loss of interest in selling was confirmed by the appearance of 26 'harami' patterns at key price marks, which became a signal for the start of a new upward wave. The discovery of 25 marubozu candles on the chart led to the conclusion that the market had entered a singularity phase, where traditional analysis methods do not work. It was the 8 long-bodied candles that became the signals that allowed to see the beginning of a grandiose and stable movement. A sign of professional and systematic holding of positions by a major player is the presence of 32 such signals on the chart.
The dynamics with a candle body ratio of 1:1.69 and a maximum drawdown of 4.92% allowed the asset to reach the target without deep pullbacks and with minimal risks.
📈 The presence of full control by buyers was evident with the share of green candles at 44%.
The formation of 5 green candles in a row created unique and ideal conditions for further growth.
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