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Test # 576 [28-Jan-2018]


1.
Chuquicamata in Chile is famous for which of the following ores?

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Test Index
551 552 553 554 555 556 [08-Jan-2018] 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 [23-Jan-2018] 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 [07-Feb-2018] 587 588 589 590 591 592 593 594 595 596 597 598 599 600

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  • Candle Sticks

    Bullish abandoned baby

    Definition

    This five candlestick pattern starts with a strong black candlestick. The next three days after the downside gap set consecutively lower prices. However the last day completely erases the limited losses of down days and closes inside the gap between the first and second days. This suggests a short term reversal.

    Recognition Criteria

    1. The color of the first strong black day represents the current downtrend.
    2. The second day is also black and the body gaps in the direction of the trend.
    3. The third and fourth days continue the trend direction. It is better if the third day is white but it may also be black as the fourth day.
    4. The fifth day is a white one that closes inside the gap formed between the first two days.

    Pattern Requirements and Flexibility

    The first black candlestick of the Bullish Breakaway should not be short. However the following three black candlesticks after the gap can be short while the third candlestick in the middle can be white too. The last white day should close inside the gap but should not close the gap.

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