Saturday, March 28, 2015 1:45:36 AM
$CBIS chart - BULLISH HAMMER reversal pattern formed on Fri. - the Hammer formed below the lower Bollinger Band @ 0.0454 - EMA's 4 & 8 have been resistance during the downtrend & are the 1st levels to break - when $CBIS forms candles above the Middle BB @ 0.0492 and that level turns into support a new up trend can begin -
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1101
Definition
This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=1101
Definition
This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.
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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86130044
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