Very good explanation and you have to be very careful when you see a red candle after a huge spike. Thanks PT for explaning. I see a bullish engulfing candle formation which represents the bullish trend reversal. http://www.americanbulls.com/StockPage.asp?CompanyTicker=ANX&MarketTicker=AMEX&Typ=S images.investorshub.advfn.com/images/uploads/2011/7/31/baqwsANX.gif