One of the candle technical to show reversal point on short term will be Bullish Harami Cross. This pattern indicate the downturn of a few days or prior drop or black candle for 3-4 days before with the last long black candle shown afterward. The long black candle follow by doji for the next day to indicate bullish harami. Although this is not highly reliable to indicate reversal, so confirmation might be needed to show it is reversal means if tomorrow white candle then it will goes up. Additionally Harami Cross indicate the lowest point of stock dropped for many days.
This pattern showing on ELSA chart today as the stock dropped for many days and finally closed with doji in the mid of long black candle yesterday. And lets hope Bandar, Mafia, or Terroris will follow this pattern ha...
Although the theory showing this is a turning point but practically it is not meant so as technical only contribute around 80% of the truth. The 100% will be the one who hold Rp 1 trillions will buy the certain share. All the best Will I Am Chen... GBU
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