chart looks good, buyers build up before open, page-95

I tend to think monday may be a new week & the low has been seen for this retrace - of course the low of the green candles body which was point of discussion earlier in the week - re-evaluating the break of the range was maybe even more convincing well for me anyway that the low has been seen.

The daily chart has now made its 4th touch of the trend line - held on all previous occasions & then a flick to the weekly chart & pretty impressive make of a stick sandwich i guess the only real argument would be it could of closed a little closer to the high with the green candle but still seems a pretty good make where it stands. All comes down to next weeks close for confirmation although a gap up Monday & holding it through-out the week would help

Weekly

1. Market is characterized by downtrend.
2. We see a Black Closing Marubozu in the first day.
3. Then we see a white candlestick, which is above the close of the first day.
4. Then we again see a Black Closing Marubozu characterized with a close equal to the close of the first day.

In the Bullish Stick Sandwich Pattern, there is a downtrend going on. Then prices open higher on the next trading day and they reach to higher levels all day, closing at or near the high. This bullish act suggests that the previous downtrend may now reverse implying that the shorts need protection. The next day, prices open at a higher level leading some shorts to cover their positions initially but then the prices start moving lower to close at the same price as two days ago. This pattern shows that the market is finding a support level and now the trend may reverse from this support level.