Well I'm just going to pretend today didn't happen - in technical terms its called the Ostrich Oscillator .... it basically means you just put your head in the sand, don't try and make sense of it, grab a couple of cold ones, attend to the bruises over the weekend , and come back out swinging on Monday !!!!
Seriously though , its just one day , be it a bad one and the only thing i can think is that day traders exited a day earlier on it due to it being Friday (they are pretty spineless - I know this for a fact as I use to be one !!!) plus they proabably lacked confidence with it at 38c so bailed out on their short term positions and micro views. I'm not going to entertain anything more sinister at this point until we get a few more days trading to look at. For now, the bullish patterns haven't broken down , so we just let today go through to the keeper until we can piece together some more evidence next week.
Top of the weekend to you lads.
Cheers ECN.
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