Just a bit more on that inverted chart.
When looking at the chart in a normal view & without any other information I perceive it to be moderately negative short term, mainly because it closed down on support after making that shooting star candle.
P$Ychicks' Candle Volume chart however shows us that the big volume buying on Thursday was at $20-21 so that sort of weakens the negative effects of the shooting start candle a bit I think and the resistance (support) at $0.195 should be support for the forseeable future because of that buying at that higher level.
When flipped to the inverted view my perception is that the sp would struggle to get back up through that $0.195 resistance
As the chart is upside down then obviously that would mean that the trend would continue in the downward direction (upward) after an attempt or two to breakthrough that 0.195 level.
Does that makes sense?
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