The mother candle, also known as an Inside Bar Pattern, is formed when a large candle (the “mother”) engulfs several smaller candles (the “children”) that follow it. In this case, you can see a strong, wide candle, followed by smaller candles that remain within the high and low range of the mother candle.
This pattern often indicates market indecision or consolidation, and traders typically wait for a breakout from the mother candle’s range to confirm the next trend direction. If the price breaks above the high of the mother candle, it could signal a bullish move, while a break below the low could indicate bearish momentum. #viral #binance #yfi #bnb #bitcoin
