Good morning. I have recently become a holder of Transit. There are some thoughtful posts on this forum. Unable to bring BBQ shapes but can supply info tit-bits as I find them. Regards.
Just a bit of pass-the-time reading for anyone interested in computer driven tech analysis. It doesn't think. It just reads programs. This is from Friday night.
BUY-IF 0.6450 +0.0500 +8.40%
Candlestick Analysis Todays Candlestick Patterns: White Candlestick Bullish Kicking Bullish Morning Star
Today a White Candlestick was formed. This represents normal buying pressure.
The last two candlesticks formed a Bullish Kicking Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
The last three candlesticks formed a Bullish Morning Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
BULLISH KICKING PATTERN
Type: Reversal Relevance: Bullish Prior Trend: N/A Reliability: High Confirmation: Needed No. of Sticks: 2
This Bullish Kicking Pattern is a strong sign showing that the market is headed upward. The previous market direction is not important for this pattern unlike most other candle patterns. The market is headed up with the Bullish Kicking Pattern as the prices gap up the next day. The prices never enter into the previous day's range. Instead they close with another gap.
BULLISH MORNING STAR
Type: Reversal Relevance: Bullish Prior Trend: Bearish Reliability: High Confirmation: Suggested No. of Sticks: 3
We see the black body in a falling market suggesting that the bears are in command. Then a small real body appears implying the incapacity of sellers to drive the market lower. The strong white body of third day proves that bulls have taken over. An ideal Bullish Morning Star Pattern preferably has a gap before and after the middle candlestick. The second gap is rare, but lack of it does not take away from the power of this formation.
