I'm seeing a few people pointing out ominous sounding candlestick patterns ("gravestone doji" etc) and decided to go back and see how often they signalled an imminent demise share price in the past (just for BRN).
When looking at the last big spike, I noticed something that at a stretch you could call a pattern. Several days end with candles that have thin bodies and long upper wicks, shooting stars/gravestone doji etc etc whatever you want to call it.
On the way up every "shooting star" followed by a lower doji/candle with long wicks would eventually result in a further climb. The number of days between the shooting star + doji and the following rise steadily decreased until we had a final shooting star followed by a candle that sat above the body of the shooting star... and then things went to custard.
So shooting star + lower doji = up and (based off one example, I know) shooting star + higher candle/doji = down? Most likely just coincidence and sharp eyes will see that we already had a shooting star of sorts followed by a higher candle on the 11th and 12th of jan, which was followed by new highs...
Chart, page-15468
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