st reversal likely - fib, candle & momentum

Hi all,

I dont hold MEO ATM, but I couldnt help noticing the strong bounce back after hitting 61.8% fib retrace & the possible very bullish morning star candle pattern to be formed here (still pending confirmation of Mon's candle). To see a description of morning star candle, try this link: http://www.candlesticker.com/Cs59.asp
Here's charts showing fib & morning star candle, also green lines highlighting next level of major support zone.




Next chart: momentum indicators Stochastic + MACD.
The momentum indicators dont look bullish yet, but could turn bullish pending confirmation of stoch & MACD crossover & positive divergence forming on MACD histo.


Note: this is just how I see it on charts, still many unknowns as still pending candle patterns & momentum indicators to turn bullish & most imprtant of all, the global mkt to stop acting crazy, so dont hold me to anything. However, am very confident with the major support zone of around 78.6% fib retrace level.