I guess that is a good thing for the daily but it does not help next weeks prognosis.
The weekly chart atm is showing what we now know to be a valid Gap pattern (Fair Value Gap) with a base target down at 40.5.
We wont know the full range of that until we see next weeks candle low because it is calculated on the low of the next candle.
What we can calculate though is that 40.5 would be weekly support if this weeks candle finishes with a big green one & up around the highs.
If we were to hit 40.5 today & closed down though & closed down there that VFG there would not exist & we can continue the uptrend next week without fear of a further pull back.
Are you following this @xoxo ?
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I guess that is a good thing for the daily but it does not help...
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