Hey surat, re: candlesticks, I must admit I am only just incorporating them into my TA. Today's candlestick counters the GSD, suggesting the bulls are in control. Whether this is legit or manipulated (**I have no real reason to believe it is manipulated**) should be made clear tomorrow. re: left shoulder, my apologies, the left shoulder didn't actually touch 3.72, with 3.70 being the high. Still may be significant as today it closed at 3.70.
I believe the essence of the pattern is still being respected. http://www.leavittbrothers.com/education/chart_patterns/head_and_shoulder_bearish.cfm (for those who would like to see where I'm coming from).
Also the way the fibs line up make me believe 4.09 is the short/mid term top. If it does go to 2.20 I will be in the buy queue.
Once again looking to tomorrow for signals. Will also tell how the weekly plays out.
EQX Price at posting:
$3.70 Sentiment: None Disclosure: Not Held
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