'Twas a good day for our bullish position. We got a larger than usual candle, based on the passed several days. And we got it on higher volume than the past 2 trading days.
We came very close to closing over the 8ema but price pulled back near the close. Still, we closed very near the high of the day, and above the 50 DMA (Daily Simple Moving Average).
Stochastics are up off the bottom now, but still quite low. So we have a long way to go before worrying about being overbought.
All of the above are bullish, but we did not make a valid candlestick pattern today. That plus the fact we couldn't close above the 8ema is a concern. But I'd say the Bulls definitely won the day. We should definitely hold our position.
I added the thick, white, angled lines to the chart to show the possible AB=CD target.
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