Replies to post #101 on DS Healthcare Group, Inc. (fka DSKX)

[ospreyeye]

$DSKX Chart - BULLISH HARAMI CROSS reversal pattern formed today off the 50 DMA @ 2.49 support level - that is the Key level to hold - oversold on Fast STO - volume spike yesterday -

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2103

Definition

This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.

Recognition Criteria

1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The Doji that is formed on the second day is completely engulfed by the body of the first day.