I am looking at (LOCM) weekly candles ,and the last 5 weeks are forming a pattern (bullish) but I don't know it's name. Any help for me ?
This is not necessarily that bullish, it actually looks like a fake out to the upside. You can always try since ur risk will be small. I have seen these setups many times and even if they work they will first test the base and stop you out. Also the long wick on top of the last candle isnt truly a sign of great strength.
The poster was right. That pattern isn't bullish at all? It looks good to you? Why? How is that a bullish pattern. Looks more like dilution That pattern and the one you posted are two different things