One ? traders irrational exuberance gapped it up on open ..
But computer says NO....further accumulation required at this CR level with gap to be filled..
This does confirm a base is in imo as the lower trendline of the standard error channel (green dotted lines) shows at the 61% fib retrace convergence. plenty of bottom pickers doing nicely as mentioned the stochastics did trigger an oversold crossing.that's OK but obviously risky without confirmation...EG if the RSI had also rebounded but its not showing any firm direction atm...its just midline..
Certainly time for a conservative re-entry..with elephants ears pulled back if it can close above 23..
View attachment 90820
Off the radar
