green day, page-3

kiwi ,yes it does sound a bit of contradiction ,but taken from a candles charting book it reads "when the candles experience support at approx. the same price level (ie 14c)the buyers have begun to dictate their prefered price level to purchase the share.Sellers are not prepared to sell at less these prices.Selling pressure evident in the downtrend has converted to buying pressure.The prices of the share have become low enough to encourage buyers to enter the market....the ideal bottom reversal pattern , in the authors view is where several lower shadows (resistance or closing price at 14c in this case over number of days)are evident at approx the same price at the bottom of the trend.this has a bullish implication as buying activity has been occuring at the same price level.It is as if the markets are in agreement that the share price is a bargain at this level.