Wednesday, June 19, 2013 8:34:29 PM
We move up from here IMO. Solid base formed. MACD bullish cross, RSI still has plenty of room to run. Full STO has room, Slow STO has plenty of room. Accum/Dist line turning UP big time. Trix about to have a bullish cross. Parabolic SAR flipped bullish on 6/17.
White Marubozu Candlestick
Represents extreme bullishness and is characterized by a long white body that has no shadows on either end
Recognition: The body of the candlestick is white and long and has NO shadows
Requirements: The white body should be longer relative to other candlesticks on the chart. Again, NO shadows
What does it mean?: The opening price is the low of the day (LOD) and the closing price is the high of the day (HOD). This indicates that the buyers/bulls controlled the price action from the opening bell to the closing bell. This candlestick is generally bullish, however, its positioning within the chart is also important. It may show a potential turning point and suggest that prices have reached a support level after an extended decline. If after a significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still need confirmation.
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