Tytan Holdings Inc (TYTN)

[dmlabuda]

Key Reversal Day: A pattern seen when charting a stock, where a stock price within the course of a day will completely change its pattern. To qualify as a key reversal day, the price can either start by opening at a level above the previous high, continuing to rise, and then falling to below the previous day's low

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Notice that it does not say the market needs to close below the previous low. IT says fall below the previous low which this market did. In fact, it only needs to close below the previous close. Confirmation is a subsequent down day which we saw on Friday. A standard Fibonacci retracement for a run up from $0.0002 to $0.005 of 50% would indicate a decline to $0.0026. However, the low end of a standard retracement would be at 66% or $0.0018 and since there is previous support at $0.0016 it could go that low before recovering. Will it actually do that? There are no certainties. I certainly never said there were. Also, which I did not mention previously because the divergent sell signal should have been enough is the fact that on Monday the 16th the market gaped up and that gap was closed quickly but, now with a clear sell signal, and key reversal, one might refer to that gap as an exhaustion gap which adds to the evidence that the market is topping here. Now I'm getting a little annoyed that you continue to persist with your rebuttal. It is however, obviously important for you to do so. However, I see no reason why I should continue to teach you technical analysis. So, if you need more information go read a good book on the subject. I'm voicing my opinion, you have the right to disagree but, could at least get your facts straight since you continue to say I'm wrong. It's an opinion! How can a person's opinion be wrong? It's simply different from yours, that's all it is. I've already told you that I read charts a little differently that most so called experts. That does not make be better or worse just different. Oh yeah, I almost forgot, you probably don't understand that word Fibonacci either, right? Ok, here is a link that will help you understand what a Fibonacci retracement is
http://www.investopedia.com/ask/answers/05/FibonacciRetracement.asp