Post
Topic
Board Trading Discussion
Re: Can the bullish pin bar candle pattern be used to predict the bull market?
by
EarnOnVictor
on 13/11/2023, 13:27:25 UTC
Are there any specific candle patterns that you know of that can be used in technical analysis to catch the Bull Run ahead of time?
Of course, go back to your price action reading, all the bullish pattern therein would be a very good sign of halving's bull run just like how it happened from September to November. But be sure that you use 1W or 1M for it. They could also guide you if the pattern changes, which might be the time to opt-out.

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There are those who argue that candlestick patterns called bullish pin bars signal a bull market, but I am not so sure about the validity of candlestick patterns in terms of predicting the right outcome.
I'm a living witness to the goodness of price actions my friend, they are so powerful when used on higher timeframes. Nevertheless, I make sure that I use other trend trading or breakout strategies to filter/confirm the signal.

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Do you have an indicator that you use that you think is useful for accurate predictions in technical analysis? Also, have you come across such a sign in the recent past until today and what are your analyzes?
I've used countless indicators, both default and custom, I must tell you that they are weak, you do not rely on them as they often fake signals. The ones you see that are crossed now might uncross at the moment after, so they are not so reliable. You would see them confirming the halving too since they work with the market price but I prefer price action for reliability if you know how to read it better.

Perhaps, you confirm it with an indicator to be more sure.