I have another question concerning the same gap and chart as before. Would we consider the trend to be bullish or bearish.
This is what I'm thinking. Since EDIG did not close over the falling gap we are still in a bearish mode. I would expect the share price to possibly go test rising gaps support and then get a close above the falling gap before I would expect it to go make new highs or consider the trend to be bullish.
It's kind of hard to put what I'm thinking into words so sorry if it's confusing.
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