Aug. 9 at 11:13 PM
$TYGO Fridays candle was a closing Marubozu. A Marubozu candle either doesn't have a wick on the top or bottom, or has a clean open or close and a wick on the other end. The word Marubozu is Japanese for close-shaven, or closed crop. Friday was a closed Marubozu, which means the open had a little wick, but no wick at the top, The buyers took control all throughout the session. So what to look for? There's probably an 80% chance of an uptrend if this opens higher, especially if there is no bottom wick and the buyers take control immediately. If it opens near the top of the candle, breaks resistance with volume, it most likely will be a good place for an entry. If it opens anywhere and falls below the trend line, the uptrend might be broken. Let's see what Mondays open tells us. My alert is 1.35 to take another look.
