No worries I understand what you're saying about the EPA but ticker aside IMO the pattern is what's important here. I've made a few bucks playing this particular pattern so I've kinda got it down. I've found what I think makes for a successful trade off the bottom and when I looked yesterday I wasn't overly ecstatic. I didn't know anything about the company, I didn't know how the news would actually effect them, and most importantly the numbers were soft. That doesn't mean a thing if it wants to go up it's gonna go up but you have to pick your battles.
When it comes to this particular pattern you need one of two things IMO. Either confirmation the day after the first elevated candle or a driver on the first day or the reversal. Now some folks would argue with me here but the first day of the reversal doesn't necessarily have to be an elevated candle. Most traders should wait until that happens because it reduces the risk substantially. However if I know a company well enough or have a good idea of how the shares structure is distributed I'll play a doji or hammer which I would count as the first day or the reversal. This is much more riskier than waiting for conformation but sometimes you may fell the risk is warranted.