in general, deadcat bounces only occur after large sharp heavy volume declines, or after a prolonged decline, This is not the case here, TADF has seen a slow downward drift for the past week on average to below average volume. Up days have seen substantially higher volume than the down days. Like ive said many time here, the chart is in the process of completing a cup and handle formation. These take several months to develop, currently it is still forming the handle portion, which is a slow downward drift in pps after the right side of the cup has finished forming. In this case, TADF has formed a textbook cup, the lefts side started at the last high in december at .0045 it formed a rounded bottom for 4 months, the right side of the cup topped out at the .0045 range, forming a perfect cup, and siding with trader psyhcology it has drifted downward as investors that got in at the beginning of the cup are wanting to get out at break even. It is in the process of forming the handle, the handle can drift as far down as halfway the height of the cup. But there is also a very interesting dynamic at play here, the final major trendline going back to july 2010 also happens to run thru .0045, a break of this region will confirm a handle break and the trendline break, the move will be explosive, TADF has bumped up against this line 4 times since last July. A break of this (not giving a timeframe) will result in a complete confirmation of the recent trend, GLTA
