Candlestick Patterns Bullish Signals/ Record Session Lows
A lower low is called a document session low.
8-10 record session lows in a short time increases possibility of trend modification.
Market Implication: The marketplace is deemed oversold, however we recomend waiting for a bullish candle or various other signal before acting on the document sessions.
Assistance: Once the marketplace rallies make use of the most affordable low of the pattern.
Psychology: The decline with little or no side action or rally means the market is exhausted to the downside.
If the market has a steep rally, or professions sidewards for a duration, the matter has to restar.
8-10 is just to restart.
Opposite of Document Session Highs.