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Indicators and patterns

7/11/2024

Indicators and patterns

Indicators and patterns

The Harami pattern is a two-candlestick pattern that indicates a potential reversal in the market. In this case, it is a bearish Harami pattern, suggesting a possible trend change from bullish to bearish. The pattern consists of a large bullish candle followed by a smaller bearish candle that is completely engulfed by the body of the first candle. This signals indecision in the market and a potential shift in momentum.

The signal to sell is based on the bearish Harami pattern, indicating that traders may consider selling their positions as the market sentiment could be turning bearish. The signal occurred on the 15-minute chart of the BTC/USD pair at a price of 58118.2 on July 11, 2024, at 7:30 AM. Traders may interpret this signal as a potential opportunity to take profits or enter short positions in anticipation of a downward price movement.

This is not investment advice. Remember to verify the information provided here.

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