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
Mixed bag today good news and not so good news - price action...
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