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Here is one of mine. Stock is PNC.

1. After this red large red candle, the amateurs sold off big time and this caused a gap down.
2. Now amateurs start buying thinking that it has bottomed and push it up a bit.
3. Amateurs buy thinking it has gone too low.
4. Here is a Doji candle. Buyers and sellers are equal. Professionals look for this and await for a signal to buy.
5. Up it goes and and a buy signal is born.   

So far so good with PNC.
Here is OMN with the same trend reversal signal. Note that the second candle can be a Doji (no gain or loss), small green or red body.

Here is a tip for one and all getting into the share/trading business - Learn your candles!! First prize in trading is to do tape reading. That is very very difficult and the okes that get it right have been trading for 10 or 20 years. The next best thing is candle reading. For starters, concentrate on:
1. Shooting Star
2. Hammer
3. Evening Star
4 Morning Star
5. Dark Cloud Cover
6. Piercing Pattern

On one of ORCA's charts there was a clear Morning Star. All these patterns create support and resistance points. Get to know them like the palm of your hand.

I don't trade anymore but still use technicals for buy signals and to check when my stocks that are in a downtrend bottom out and turn.
It is important to combine these candle patterns with other indicators like RSI, MACD, MA's, volumes etc for further confirmation.
I knew that the 2 stocks were oversold so only used volumes. Thin volumes cause volatility and decieving patterns.
Technicals are short term and market sentiment prevails.

Update on PNC. This Morning Star was not perfect in Snakepit"s books but they do differ somewhat in shapes and sizes. The second candle closed too low and the tails were too long but the third candle"s close made it for me. It closed above the halfway mark of the 1'st candles body.
In 2 days since my call she made about 7% gains. This might be enough for some traders to take profit and she may turn red on Monday for a while.
With R400k exposure you would have just under R28K profit. Good enough for some but my target is 2400.
It will go higher for investors if markets allow but if you trading, then time decays your profits. You have after all borrowed most of the R400K and need to pay the interest.

Yes guys, ORCA is spot on with using some other assistance indicator like RSI. Keep in mind that where you see a candle signal is very important. A morning star after a drop is more valid than a morning star halfway up in an uptrend and they do appear in the middle of moves. The other point is the time frame. A morning star on an hour chart is more valid than a morning star on a 15 min chart.

Orca,Do you  have any short term buying signals for Metair?You did mention before that its not really a trading stock,so maby any signals wont be valid?