In my last IDEA, I concluded with the following: "In conclusion, the last candle shown is a Pin Candle, so I am expecting the market to move in an upward trend in the days ahead." In this chart, I can see the market did move higher as expected. I also see the latest candles' high and low stayed within the high and low of the preceding candle, therefore, forming an inside candle. Just like a Doji candle, the inside candle also indicates indecision.
In conclusion, it is now necessary for a following candle to either close above the high or the low of the inside candle before I will know the future direction of the market.
In conclusion, it is now necessary for a following candle to either close above the high or the low of the inside candle before I will know the future direction of the market.
