Week 2 Candle Stick Pattern Idea 1: MARI MARI offers traders compelling opportunities following distinct candlestick patterns, indicating potential bullish movements in the near term.
Trade Plan:
Entry Point 1:
Candlestick Pattern: Bullish Hammer
Entry Point: 1,588.7, following the formation of the bullish hammer candlestick pattern. This entry signifies a bullish reversal from the previous downward trend.
Stop Loss: Positioned at 1,540, serving as a protective measure against adverse price movements.
Take Profit (TP1): Targeted at 2,500, reflecting the initial profit-taking level with the potential for significant upside momentum.
Entry Point 2:
Candlestick Pattern: Tweezer Bottom
Entry Point: Identified at 2,202, subsequent to the formation of the tweezer bottom candlestick pattern. This entry suggests a confirmation of bullish sentiment, indicating a potential reversal from the recent downtrend.
Take Profit (TP2): 2,622, representing a higher profit target in anticipation of extended bullish movement following the tweezer bottom formation.
