By :Galina Svetlova
There's a bullish “Hammer” at the last low. At the same time, we’ve got a “Shooting Star” at the local high, which indicates a possible downward correction. However, it might be just a local decline with a bullish candle pattern at the end. If so, it’s likely to see a continue of the current upward correction. As we can see on the daily chart, a “High Wave” has been confirmed, so it’s another reason to see the market higher.
The “Window” has been broken and finally a “Harami” arrived at the last maximum. The last candles are bearish, so it’s likely that we’re going to see a decline towards the “Window”, which has been changed its role from a resistance into a support.
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