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Re: UserAlias1 post# 56293

Thursday, 03/05/2015 3:34:14 PM

Thursday, March 05, 2015 3:34:14 PM

Post# of 112654
$MCIG chart - BULLISH MORNING STAR reversal pattern has formed today - the 50 DMA @ 0.14 is the $KEY level to close above & turn into support -

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3101

Definition

This is a three-candlestick pattern signaling a major bottom reversal. It is composed of a black candlestick followed by a short candlestick, which characteristically gaps down to form a Star. Then we have a third white candlestick whose closing is well into the first session’s black body. This is a meaningful bottom pattern.


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