YGE Two Bar Bullish Reversal
YGE just saw a 2 bar reversal so I believe it will continue into an uptrend. Signs of the two bar reversals significance are the following: It is preceded by a persistent downtrend, both bars have exceptionally wide trading ranges relative to previous bars, the openings and closing of both bars are close to the extreme points of the bar, considering all these things it looks like it is a significant pattern. RSI just broke a previous high come out of an oversold level. Potential buy signals are: MACD crossover, SAR crossover, Price Oscillator continues to breakout, RSI continues breaking out. Previous resistance was in the 2.80 range.
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