Well, in theory at least, the stampede expectation is built into...

Well, in theory at least, the stampede expectation is built into the TA. I think it was going to be stretch given the candle didn't recover quite enough by EOD yesterday. I reckon this is probably it however, even though it blew threw my projected bottom by about $8. Will have to wait now however to see if we get a new wave 1 & 2 formation at this price. The previous one looked really nice with only a 61% retrace on W1. Today we have a really nice reversal hammer candle on the hourly so if that holds over the next couple of hours we should be looking up, unless one is shorting, in which case it is the opposite of what you want to see, but ya would have done really well over the last couple of days anyway so one shouldn't begrudge the longs making a buck too on the recovery!