Doc80ca Bullish Morning Star has formed(Candle TA)
Most of us are simply looking at confirmation at this point and prediction at this point would be conjecture.
Doc here is bullish reversal pattern.
The last three candlesticks formed a Bullish Morning Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
I know some of you do not like this site but i have been studing this site Candle TA and it has not failed me yet. Here is the proof:
"Our system posted a BUY-IF today. The previous SELL recommendation that was confirmed was made on 06.02.2005 (6) days ago, when the stock price was 3.5300. Since then GTE has fallen -17.00% ."
I have found Candle sticks to be excelent TA and pattern predictor, but I think the catch is you have to wait until end of the day and in some cases few days before pattern is formed. To learn Candle TA and start guessing next candle is the science and art.