Mixed bag today good news and not so good news - price action formed a lower low which places the uptrend formed by the previous higher swing highs and lows in doubt. Still needs to form a lower high to complete the reversal so that is still unresolved.
However we have a juicy long lower tailed hammer today on a solid jump in volume and to some extent something similar yeterday but to a lesser degree. Could be an exhaustion like move pointing to a bullish reversal. Things are obviously still volatile so no guarantees until we see the mood tomorrow.
Daily COB Monday February 1st
TA discussion, page-2228
-
- There are more pages in this discussion • 4,113 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
