Click on chart at left to enlarge.
We filled the December 9th gap as the bears were in control throughout the day. We are about to enter a critical zone of support, which is highlighted by the yellow box on the chart. The technicals turned decidely bearish and we have validated yesterday's potential reversal candle.
The last 3 times we closed at the lows of the day are as follows:
1. 10/28: the next day's trade was bullish engulfing
2. 10/21: the next day's trade was a bullish hammer
3. 10/1: the next day's trade was a hammer off the 50 day SMA
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