GPRO Chart: BEARISH ONE BLACK CROW: This pattern a
Post# of 777
Posted On: 07/06/2014 3:02:25 PM
GPRO Chart: BEARISH ONE BLACK CROW: This pattern appears in an uptrend and consists of a white candlestick and a black candlestick in which the black candlestick opens below the preceding day’s close and closes below its open. The pattern looks similar to the Bearish Harami pattern. The only difference is that the second day closes lower, which stops the engulfing of the black body by the preceding white body.
http://www.candlesticker.com/Pattern.aspx?lan...ttern=2211
Bearish One Black Crow formed on the 2nd............the pattern was confirmed on the 3rd -
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.
The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.
according to rules of confirmation GPRO confirmed the pattern..........GPRO also filled the Gap between HOD(high of day) on the 30th & LOD(low of day) on the 1st...........now that the Gap has filled and GPRO found June 30th support levels we'll be looking for a green candle or Doji next week to form the Bullish reversal pattern...........keep an EYE on the Volume......a Bullish volume spike is needed to push past resistance.......the July 1st closing price is the benchmark price to close above..........
GPRO ON BULLISH REVERSAL RADAR..............REMEMBER THE OPTIONS?!?...............$$$
http://stockcharts.com/h-sc/ui?s=GPRO&p=D...5217333433
http://www.candlesticker.com/Pattern.aspx?lan...ttern=2211
Bearish One Black Crow formed on the 2nd............the pattern was confirmed on the 3rd -
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.
The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.
according to rules of confirmation GPRO confirmed the pattern..........GPRO also filled the Gap between HOD(high of day) on the 30th & LOD(low of day) on the 1st...........now that the Gap has filled and GPRO found June 30th support levels we'll be looking for a green candle or Doji next week to form the Bullish reversal pattern...........keep an EYE on the Volume......a Bullish volume spike is needed to push past resistance.......the July 1st closing price is the benchmark price to close above..........
GPRO ON BULLISH REVERSAL RADAR..............REMEMBER THE OPTIONS?!?...............$$$
http://stockcharts.com/h-sc/ui?s=GPRO&p=D...5217333433
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