Daily Trade Chart.. Pinpoint of important valuesThis is just a pinpoint of the important values given by 4-16 (the last time we were in this price range). The strong resistance is a high of a breakdown candle(4-16) and the support is given by the value that was rejected today and also the low of a breakup candle(4-16).
Trade accordingly and personally I think the bears have a slightly stronger control due to yesterday's trades BUT the bulls could EASILY do a short squeeze and keep pushing till the end of the day resulting in a bull gap tomorrow.
-Also if it keeps going back and forth then a bull flag is formed. Maybe leads to a gap up tomorrow in order to close the gap formed yesterday. There are magnetic values that the market tries to reach up and down... this gap is one.
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