2013년 6월 24일 월요일

Bullish Candlestick Confirming Support

Bullish candlestick bouncing off of support

In the chart above of the S&P 500 Exchange Traded Fund (ETF) the blue support line is confirmed with large bullish candlesticks. It can be inferred from these large bullish candlesticks that bulls are entirely in charge of the market at the price around the support area. An informed trader would also notice that these two strong bullish candlesticks have created a double bottom chart pattern.

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