We have a 19% pullback over 3 day and a long, long wick. We bounced through the Bollinger Band Midline and right of the 200 SMA. As such I view this as a long squeeze thats been filled, and access the price will recover. I am currently long, against my rules of following HA candles. But we're also bouncing off the ichimoku base line.
This has got to be one of the most technical places for the price to pause.
I'm viewing this dump like the dump we had on 17 May 19; viscous pullback that was, denoted by the purple arrow.
I'm viewing this dump like the dump we had on 17 May 19; viscous pullback that was, denoted by the purple arrow.