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[ospreyeye]

$MDCND chart - BULLISH MORNING STAR reversal is forming today - $MDCND found lower Bollinger Band @ 0.0322 support - EMA 4 @ 0.0616 is the first level to close above - EMA 8 @ 0.0841 is the second - when candles form above the middle BB @ 0.1311 & that level becomes support a new up trend can begin -

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.