NWR- Long Tail ... Not overly concerned with the long tail on...

  1. 24,192 Posts.
    lightbulb Created with Sketch. 5566
    NWR- Long Tail ... Not overly concerned with the long tail on that candle now that several days have passed it simply indicated the immediate up trend had run out of steam and a reversal of some degree would ensue... which has occurred... Volume has had a text book drop off and some support entering today it seems.... Perhaps two entries you could argue 1st at 19c next 20.5c ...of course if it drops out of the bottom of bull flag then this would void the pattern.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.