Usually a star that follows a long black candlestick in a downtrend indicates a change in the market environment. Bears were in control during the downtrend but now a change is implied by the appearance of a star that shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Things are not favorable for continuation of a bear market.
Important Factors:
A confirmation of the reversal on the third day is required. This confirmation of the trend reversal may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (third day).
Persia
posted
looking good
sabre81
posted
This better not do anything..... i just dumped my shares.
Persia
posted
why did you dump your shares?
sabre81
posted
Didn't look good and i've been hearing of some shady business going on. I hope i don't regret this. hmm
Persia
posted
all these otcbb and pinks are pos and shady, play the charts, PR's and momo...
sabre81
posted
well, it's mostly that they have been hitting new lows every day... i guess i'm impatient.