Riple Analysis, May 24, 2025
Riple on the M15 time frame, the dominant trend seen is a downtrend. This pattern indicates selling pressure every time the price tries to enter or pass the green zone. This is an early indication that sellers are ready to dominate again, especially if this pattern is confirmed by a strong bearish candlestick in the next session, such as a bearish engulfing or red marubozu.
In the M15 time frame, reversal candlestick patterns like this quite often provide short-term entry signals with high validity, especially when they appear in important resistance zones like now. Sell can be done if the price re-enters the green zone and shows a rejection signal. Stop loss is placed around the price of 2.3913 and for take profit, place it around the price of 2.3090