Finding bottoms is important to know trend reversal, when short domination ends and when to open a long position.
Notice the candle body size will differ from normal candle body size as the open close difference will be smaller. The close will shift and be higher than the open. Notice that the open will normally be exact price level as the close of the former candle. The market is ready to reverse.
Notice the candle body size will differ from normal candle body size as the open close difference will be smaller. The close will shift and be higher than the open. Notice that the open will normally be exact price level as the close of the former candle. The market is ready to reverse.