There is also a ‘Latter Bottom’ candlestick pattern is discovered. The chart forms ‘Latter Bottom’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.57677 |
2nd High | 0.57369 |
Next High | 0.56619 |
Current Price | 0.56362 |
Next Low | 0.56123 |
2nd Low | 0.56076 |
3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Latter Bottom