Friday, February 15, 2013

question and answer: what is the "inverse ostrich pattern" (15 feb 2013)

question: what is the "inverse ostrich pattern"?

answer: a bullish reversal move wherein the macd histogram's direction changed from pointing south to pointing north ... just like an ostrich rearing its head back up from under the sand (the opposite of the ostrich pattern) ..

source: The Ninja Stock Monitor: CPG (12 feb 2013)

you may also want to read:  the "inverse ostrich pattern" illustrated