RE: Chart / TA20 Oct 2019 17:48
I reported you for lying to readers about the TA / Chart. You have done this before even though I had given a perfectly good explanation regarding the HARAMI CROSS pattern whilst also providing evidence to back it up.
For the benefit of the reader please note that the HARAMI CROSS pattern is a “two candle” formation and each candle is provided at the close / bell of each day; therefore to have just two in a row would be something but have 3 , 5 as this poster had recently and previously is a complete lie.
The “last pattern” in the link the poster provided completed on Thursday, therefore it formed over the 16th & 17th.
If you look at the chart, pic, in the link on Wednesday 16th we had the long candle then Thursday 17th we had the cross, both candles are highlighted by British bull in green, therefore how can we have another one form at the close / bell Friday?, simple answer is you can’t as I explained it is a two candle pattern only, not singular candle pattern.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RRL.L
to quote exactly what britishbulls is stating: "STAY IN CASH"
"Market OutlookThe last pattern detected was bullish with positive implications. The overall evidence, however, is saying “Watch Out!” but it is not yet pointing to BUY."
Readers below is an example of the Harami Cross which for the benefit of the reader is a “two candle pattern” not a singular candle pattern.
https://tradingsim.com/wp-content/uploads/2011/06/harami-cross.png
What the chart produced at the close / bell Friday was a Long legged Doji, the previous Harami Cross had failed to produce any bullish intention.
http://www.mysmp.com/sites/default/files/images/long-legged-doji%5B1%5D.png
The long Legged Doji can be seen as bullish; however in this instance I would not trust this candle as not only would it be short very lived it had also failed numerous times which you can also clearly see from british bull chart, pic in the link. SP is clearly in a downwards trend, the SP hit the upper downward trendline, which held, and this had been confirmed Friday at the closing bell.
I have reported your post and I will follow this up as I feel you are clearly misleading readers on a public forum.