Dan Janson's Retest Gap, Elliot Wave Theory, Downtrend on a DAILY chart??
Play retest of the BO of the bull flag................................
Would this selling from Monday & Tuesday be from bulls taking profits from the large gap UP over the weekend (plus the panic selloff)? I'm thinking its not necessarily trapped bears as much as bulls who took profits and if it takes out that large doji it doesn't mean it'll necessarily go higher. Any thoughts?
Large volume long day candle closing above several days of bearish candles...any thoughts?
Bounce off of 100 SMA, 2 long bullish candles with lots of volume, plus sound fundamentals. Any thoughts?
What are your thoughts?