"..give it 2 more days and the picture will be a lot clearer, and one certainly does not want anything bearish with either of them...
the last 7trading days have achieved only half a cent..
on top of that there has been a constant build up of volume, whats all the volume doing.."
For any ST holders..
The last 2days have now confirmed that the build up of volumes over that previous period was supply. Last Friday is a confirmed 'NO DEMAND',
and today is the result of that, combined with that supply in the near background, today closing lowish with a widespread.
Note the last 7days, it tended to have narrower upbars and wider downbars, hint hint.
Heading forward in the ST.. watch out for any attempt to rally on bearish bars, that would be a trap with whats in progress atm
Also for any ST holders, be careful some of the comments and targets are, imo quite out of whack with reality,
You may hear the terms, 'text book stuff, classic, etc etc', well its certainly not a classic, if one has put their faith with those,
and got in near the recent highs and now holding a large paper loss.
Wait for bullish signs to return, and if in the correct area, it may return to its upward progress.
dyor
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