AI
Friday, February 08, 2013 3:19:43 AM
CERP Chart......Bearish Dark Cloud Cover Reversal pattern formed......
Recognition Criteria:
1. Market is characterized by an uptrend.
2. We see a long white candlestick in the first day.
3. Then we see a black body characterized by an open above the high of the previous day on the second day.
4. The second black candlestick closes within and below the midpoint of the previous white body.
Criteria met.......
BEARISH DARK CLOUD COVER
Type: Reversal
Relevance: Bearish
Prior Trend: Bullish
Reliability: High. HIGH RELIABILITY
Confirmation: Suggested
No. of Sticks: 2
A red candlestick & lower trading share price than yesterday's close will confirm the sell signal........$$$
Recognition Criteria:
1. Market is characterized by an uptrend.
2. We see a long white candlestick in the first day.
3. Then we see a black body characterized by an open above the high of the previous day on the second day.
4. The second black candlestick closes within and below the midpoint of the previous white body.
Criteria met.......
BEARISH DARK CLOUD COVER
Type: Reversal
Relevance: Bearish
Prior Trend: Bullish
Reliability: High. HIGH RELIABILITY
Confirmation: Suggested
No. of Sticks: 2
A red candlestick & lower trading share price than yesterday's close will confirm the sell signal........$$$
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