Gravestone doji (B) (open and close are within 5%, otherwise would be shooting star) Reversal is confirmed by bearish counter attack 2 hours later (A&C). I used the 10/50 MA Cross on an hourly chart by placing the fib retracement on the bullish crossover. A Bearish Counter Attack retraced CEI back to the 50% level retesting support (D) with indecision (Doji) in the market. The Bulls took back control pushing the price back to the 78.6% level confirming prior resistance (E) yet still undecided producing a long legged doji. A series of lower lows occurred for the next 2 hours pushing the security in bearish territory back under the 10 MA. CEI traded sideways the rest of the day on 9/30 barely reaching back over the 10MA. On 10/1 the rally failed falling through a broken window that kept CEI under the 10MA for the whole day on Friday leaving it right on the 50% retracement level (G) yet still under the 10MA. If on Monday this recovers above 3.44,this will push it back above the 10MA in bullish territory.
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