Two days ago I wrote: "Within several days the share price should drop to slightly lower than $9.98 (the low of the SC). That will be the Secondary Test, and that will confirm that last Thursday candle is indeed the Selling Climax."
I think I got that candle today. it makes me much more confident that the Selling Climax of this downtrend indeed happened last Thursday. For a further confirmation, the sp should close higher tomorrow.
It takes great effort (by big operators) to make Buying Climax and Selling Climax (buying at peak and selling at bottom). This recent Selling Climax occured with the help from the banks closure. So there has to be another scary event like that to push the sp down below $9. It will be another bad luck (or bad decision by me) for me if that happens, because I bought 4 parcels this morning. But I believe the downturn from November 2022 has hit the floor.
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