the three outside down is a candlestick pattern, where:
The market is in an uptrend;
The first candle is white;
The second candle is black with a long real body that fully contains the first candle;
And, the third candle is black with a close lower than the second candle.
The first candle marks the beginning of the end for the prevailing trend as the second...
probably pull back to 1239 may complete the formation of right shouldr, if it faces resistance it may give opportunity to short, but if the pattern fails price will go up
BULLISH PIN BAR WITH LOW @ PIVOT SUPPORT OF 1175.45 AND 0.618 FIB LEVEL OF 1168.8
FOLLOWED BY A BULLISH CANDLE
1st TARGET 1320 2nd TARGET 1370 STOP BELOW THE LOW OF PIN BAR i.e.1160
RISK-REWARD RATIO OF 1:1
IBULHSGFIN is dancing in a rising_expanding_Wedge,
.. which looks like a Flag on higher timeframe of a solid leg up since start of 2017.
Right now its approaching the middle level of the wedge, crossing which can lead to the completion of the leg down.
or it can reverse form there.
