I notice no-one has mentioned the "gap" yet. Lets hope it's a breakaway one and not an exhaustion one. The pessimist in me fears the latter.
From incredible charts-
"Exhaustion gaps occur at the end of a strong trend and are the last surge before the trend expires, normally on heavy volume. They differ from continuation gaps in that they are not followed by new highs (in an up-trend) or new lows (in a down-trend) and are closed shortly afterwards."
"Breakaway gaps are normally accompanied by heavy volume and occur when prices break out of a trading range. They are usually followed by a series of new highs in an upside breakout or, a series of new lows in a downside breakout, and are seldom closed."
I notice no-one has mentioned the "gap" yet. Lets hope it's a...
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