Is this like "Bullish Stick Sandwich" from Daily Chart?

 

 

 

 

                                                     Bullish Stick Sandwich

Daily	Weekly
Last Day:0	Last Week:2
Last 10 Days:19	Last 10 Weeks:9

This pattern signals a trend...	How to identify...	Similar pattern(s)...
Reversal	1st day is black. 2nd day is white and trades above the close of the 1st day. 3rd day is black with a close equal to the 1st day.	Bullish Engulfing

Psychology...

The price action of the 2nd day suggests that the downtrend is over. The next day opens higher, but sells off to close at the close of the 1st day. The 3rd day's close can be viewed as closing at a short term support level. Watch for confirmation via a higher close the next day.

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• Not Likely! -FirstInfo- ♂ (187 bytes) () 02/25/2013 postreply 15:49:30