Thank you for the TOPAAR suggestion, but we are going to call this ADU, because that's what it was. A beautiful, very classic example, perfectly following the timeline.
Quote from Pekelo:
I dunno, today's pattern looks oddly familiar. Top at 10, pullback into 11, another top between 12-12:30, pullback into after 13, then rally into close.
Thank you for the TOPAAR suggestion, but we are going to call this ADU, because that's what it was. A beautiful, very classic example, perfectly following the timeline.
today is nothing more than an inside day i.e. trading within the range of the previous days high/low. we did not take out the high nor the low. nothing spectacular nothing to write home about. The talking heads are pumping this up as a bottom. Its a bottom alright! we are trading below the bottom of the 200day ma!