Friday, August 31, 2012

Bullish Harami = Potential Rebound

CPO Oct 2012 Future Contract closed at 3019 and formed a bullish harami candlestick pattern (based on daily chart) indicating that there is high chance the market would rebound. Do not forget, the daily chart for both CPO and Bean Oil Futures are at the uptrend.

Note : Harami means that the high and the low of the bar are inside the high and the low of the previous candle bar.

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