Comment on Single Candlestick patterns (Part 1)

GURU commented on 11 Dec 2014, 08:56 PM

Hey,
Great initiative. Thanks a lot.

I have a doubt.

In the example given in “5.4 – The Stoploss on Bullish Marubuzo” you have given that “But the pattern eventually failed and one would have booked a loss. The stoploss for this trade would be the low of marubuzo, i.e 959.85″….
I can’t understand this point. The candle is bullish and even the next day is bullish. But how do you say the pattern failed.?

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