UKOILas we can see
the first time price managed to pierce through the long line of dynamic base trendline it attempted to fill the gap.
the move was done by a red candle with a small shadow below it. this was a very strong barve move. but for some reason the market could not bear the low price & it quickly bounced back upwards the next year.
the second time price attempted to pierce through this trendline with less power through a medium sized candle having a very long shadow and successfully reached even below the ichi cloud.
yet the GAP could not be reached. This was a testing the market tolerance & the reactions to the move.
now the market remebers this one time solid action & the industry is ready to meet the same move in the future. as though it has accepted the fact that such moves are bound to happen again & again.
I believe this time the price will finally manage to enter into this unfilled GAP.
this GAP ranges from dollar 4.3 to 10.12 .
