Yesterday's body shows a upside down/inverted hallow/red hammer, indicating a bottom reversal signal. I am calling this a current bottom with a shadow showing support at this level.
I also show that yesterdays candlestick is below both EMA1 and EMA2, showing a short-term buying opportunity for the week.
I use a small EMA because I am trying to forcast for day-trading opportunities.
You would want to look for the candlestick in the 5m or 15m chart to be above both EMA lines to indicate your sell.
*NOTE: I am learning financial analysis, but have only studied for a few hours. Do not construe this as paid advise or recommendations. Your choices are your own. I seek to learn and through communication, cement my own learning.
I also show that yesterdays candlestick is below both EMA1 and EMA2, showing a short-term buying opportunity for the week.
I use a small EMA because I am trying to forcast for day-trading opportunities.
You would want to look for the candlestick in the 5m or 15m chart to be above both EMA lines to indicate your sell.
*NOTE: I am learning financial analysis, but have only studied for a few hours. Do not construe this as paid advise or recommendations. Your choices are your own. I seek to learn and through communication, cement my own learning.