PSEi Weekly [6-29-12]
Seem like a completed Bearish Bat Pattern to me… The bright side is that the current pattern COULD be a potential Bearish Deep Crab Pattern, targeting the 5600 level. Given the momentum of the US and Euro stock indices as of writing this, there is a good chance that we might see a new all time high next week. Blue Chips will lead the charge of course.
In the short chart, candlestick pattern for the this week could be a potential Bullish Rising Three pattern. On classical patterns, this could be a bullish flag in the making.