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Re: fitzwell11 post# 32557

Friday, 02/15/2013 10:59:23 AM

Friday, February 15, 2013 10:59:23 AM

Post# of 79678
Yes, MJNA's candles tail 2 days ago was longer.......the difference between MJNA's pattern & MWIP's pattern is the fact MJNA had already DOUBLE Topped @ 0.50.....

MWIP has only tested the upper resistance level once.......I pointed out on Wed that MJNA had double topped.....

Major Reversal pattern......Now MA(10) Support has Broke for MJNA the next Support is MA(20) @ 0.275.....

As you can see today MWIP is holding MA(10) so far and is confirming the BUY Signal.......

Having only tested upper resistance once MWIP should test it again before testing MA(10) support.......

The candlestick patterns need to be put in context of the bigger picture......yes, MJNA & MWIP formed the same pattern yesterday almost exactly, but they were @ different levels on their individual charts.........$$$

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