Chart, page-972

Hi Petertkd,

Good point If that works according to your experience based on many observations. I will closely watch to see if BE plays out on Monday. In theory, Monday must close at least mid-way body of the long black candle to give it more force then break the 23c high of the candle in following days. Note that uptrend confirms by higher lows and higher highs to say it a reversal bullish trend.

I took some profits today but still hold few shares in case your scenario is right. My guess is it will retest 16 couple times, if it breaks then 16 will be a solid support; otherwise, it will drop much lower.

Appreciate your sharing.

Thanks!
U101