AVB 0.00% 16.5¢ avanco resources limited

chart for those interested, page-28

  1. 25,374 Posts.
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    whoops, been out MG

    yes its a good thing if the closing candle pattern has a smaller body (3 points) than the lower 4 point shadow.
    It basically means the bears failed to hold it down when it reached the old support level . With .10c as a decile and current upper resistance it may not rebound but consolidate at .10 for a bit...

    heres a better candle shadow reference

    also look up Doji,hammers and Takuri patterns.....they all have degrees of reversal strength...


    http://thepatternsite.com/Shadows.html
 
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