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Hi, I would like to know why candle #26 (bull outside bar opening and closing above EMA) is not a good buy signal bar, before looking to the right of course. The wedge bottom has triggered, and we can even expect a test of the apex of the triangle ending in bar 18.
Thank you for your time
Kind regards
It actually is a reasonable buy above it. A Traders can buy above bar 26 and if the market begins to stall, they can exit or get out below a bear bar closing on low such as bar 30 (Next red box).
