...and not backfill the gaps, then the charts would be filled
with lots of Abandoned Babies. I'm not expecting it but the charts
are now littered with floating dojis. Hopefully we get some follow
through and the babies will be OK.
As I discuss price is quite extended in the short term, on the 2
hr charts, price is quite extended above its 9 EMA, the best for
the 'bulls' would be for the market to have a small consolidation
here pulling back to the 9 EMA, and holding the broken trendlines
on the daily charts. Too much of a retrace of today's news
induced gap would cause suspect with today's move
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Should we gap down tomorrow...
Posted by puma on 24th of Apr 2017 at 07:13 pm
...and not backfill the gaps, then the charts would be filled with lots of Abandoned Babies. I'm not expecting it but the charts are now littered with floating dojis. Hopefully we get some follow through and the babies will be OK.
As I discuss price is
Posted by matt on 24th of Apr 2017 at 07:58 pm
As I discuss price is quite extended in the short term, on the 2 hr charts, price is quite extended above its 9 EMA, the best for the 'bulls' would be for the market to have a small consolidation here pulling back to the 9 EMA, and holding the broken trendlines on the daily charts. Too much of a retrace of today's news induced gap would cause suspect with today's move