There are 2 inside bar candles and today is a third for now, though it looks like we may break lower before close. If not, stock may gap down tomorrow and open near 172 or lower.
Notice the directional movement index - gold line - is extremely elevated, over 80. As green line comes back down below 40 I am looking for buyer exhaustion to yield to selling, which supports a pullback.
Notice the directional movement index - gold line - is extremely elevated, over 80. As green line comes back down below 40 I am looking for buyer exhaustion to yield to selling, which supports a pullback.
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