Confirmation hit with this candlestick pattern that price will go down
This is a good candlestick pattern, my favorite, and although I would have liked the wick to have closed a bit lower (the last red candle), it's still a good indicator (84%) that price will move lower with the next few candlesticks. These candlestick patterns are stronger with larger timeframes. This is the 1hr
Taken a bit earlier to illistrate the pattern.
Shark & 5-0
Price has hit D point, and should continue to fall. Look for a reversal at the 50% zone, because there will be support/resistance there from the B point.