DislikedThis candle formation on 30 min looks very bullish since it happened exactely at the fib line(if anyone has a name for it I would be very glad to know it)
http://img178.imageshack.us/img178/151/gbpjpy30fe7.gifIgnored
On your first chart , the big green candle is engulfing the 'doji' (little candle just before it) . The formation is named a "bullish engulfing candle" or "bullish engulfing pattern"
When it comes after a downtrend , and mainly when it confirms an old support , it's a important sign of reversel
But of course , you have to check your indicators and so on...
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
If you need more informations or you didn't understand , just tell me
Seb
COT: The precious data ignored