lowtrade

[lowtrade]

As I said, it's an island reversal pattern, after the large fall from grace. There will be a bottom channel form. 1 morning green is not the start of a comeback change in negative sentiment. Sorry, but I'd expect at least 3 months of channeling, before it will possibly come back. Island reversals are caused by runaway gaps. Which don't fill quickly. Best one can expect is a new bottom channel worth trading, over the next 3 to 6 month. Sometimes the channel is large enough you can bank bit by bit gains playing it, if you have any cash. Then recoup the loss that way. But generally, I'd just find the next trade somewhere else.