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Indicators and patterns

11/30/2024

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 previous candle. This indicates indecision in the market and a possible shift in momentum.

The signal to "Sell" suggests that traders may consider taking a short position or closing out long positions in anticipation of a downward price movement. The signal is based on the interpretation of the Harami pattern as a bearish reversal signal.

The occurrence of this Harami pattern on the 15-minute chart of the BTC/USD pair at a price of 96779.98 on November 30, 2024, provides traders with a potential opportunity to act on the bearish signal and adjust their trading strategy accordingly. It is important for traders to consider other factors and use risk management techniques when making trading decisions based on technical patterns and signals.

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

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