The week that was, page-3

Agree with your bullish sentiment ssv135 and thanks again for you objective posts Seagull.

Much depends on the outcome of the global financial market negotiations over the next day or two...

BUT  for P$Y candlestick pattern formations, (it's not quite textbook) but I was thinking we could be in the midst of a formation like this one.  As per the description below this diagram, the closing bull candle of the pattern has to rise above the bullish first candle in the formation.  For P$Y that would have to be a close of .145c  on Monday or Tuesday

The Rising Method consists of two strong white ​

lines​

bracketing 3 or 4 small declining black candlesticks. The final white line forms a new closing high. The pattern is definitely bullish.​

This is how P$Ys pattern looked this week, last candle is just a possibility.  ​

  



Have a great weekend...  ps  I tend to wear rose coloured glasses where my investments are concerned so as they say please DYOR.

HD