After accumulation phase (indicated in graph), Mark Up phase is expected. Share has also made Marubozu pattern (shown in graph) with very good volume . EMA 12 days has also came above EMA 26 days. All these things predict upcoming Uptrend.
Hi, Since most of your Analysis is based on MARUBOZU, I looked into it and decide to make an indicator based on it. Since someone in the comments said that MARUBOZU means PAUSE in the upward momentum, I thought it would be nice to check using an indicator making it as a long_weekend _project, if i can finish it by that time. As of now its simple. may be i;ll add more of your contraints like the 12/26 ema crossover and all. lets see
This is how i looks now. where it checks that there no wick at the bottom.
@Einstein15, Hello..nice to know that. Good idea it is. For marubozu, I look at either no wick or wick less than 5%, both for bullish or bearish marubozu. All the best for your weekend project. Waiting to see your indicator.