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TA Perspective, page-248

  1. tobes11
    4,327 Posts.
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    05/04/16
    16:53
    Post #: 17428121
    not necessilary.

    oversold terrority also = run back up.

    e.g. if it drops in 60% in one day then 20% in another... you betcha there will be cat dead bounce. OR

    this may be the catalyst for the start of the up-trend, which usually only happens during SHARP down move or LONG BASE.
    Last edited by tobes11: 05/04/16
    1PG Price at posting: 97.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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