As much as I do enjoy the art of charts, I do not use them to judge the future movement of illiquid stocks. When you add in the serious lack of volume with EPGL and the lack of any consistent volume, it makes it hard to look at a chart and predict anything.
Any prediciton that turns out to be correct is nothing more than mere luck.
Additionally, for a stock to be accurately predictable using charts, trading has to have enough chart traders, trading the stock to establish a pattern history. EPGL's trading history shows no consistency to indicate that enough chart traders are involved or that chart reading will accurately predict any pps movement.
As for the Rickshaw Man Doji, EPGL has a history of them and there hasn't been any enough consistency or repeat in pattern in the days afterwards to accurately predict a pps movement.
When volume becomes somewhat respectable and consistent, which will only happen once we get on the QB, we'll get more chart traders and reliable patterns will start to develop. Then I think charts will become more reliable.
Until then, reading into charts at the current time basically means you have a 50/50 chance of being right, merely because the pps has to go in one direction.
All that being said, I do respect your chart reading skills. They will come in very handy here when certain parameters are met.
