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ospreyeye

06/10/15 11:32 AM

#30020 RE: nudie #30019

$PNOW Chart - BULLISH HOMING PIGEON reversal pattern formed on the 5th - according to the rules of confirmation the pattern was confirmed today - the 50 DMA @ 0.0030 is the Key level to close above & turn into support -

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2108

Definition

This pattern is a small black body contained by a prior relatively long black body. It resembles the Harami pattern, except that both bodies are black.

Buy/Stop Loss Levels

The confirmation level is defined as the last close or the midpoint of the previous black body, whichever is higher. Prices should cross above this level for confirmation.