Just curious...and please don't take this as a personal attack notouch...but isn't a candlestick pattern only a valid one after confirmation? That is what i was taught with candlestick analysis. I might be wrong, so if I am, please correct me.
Price stopped dead in its tracks at the 50% retracement of the move down so far. And also, looking at bi-weekly profiles there is a seemingly obvious sentiment change (to me anyways) with the
POC heading a touch lower than the last profiles
POC, and the
value area also falling a bit. I feel its more of a sentiment change rather than a ballistic selloff because of these slighter moves when compared to the late February.
If this week again brings in lower value, at that point I'll be more confident in thinking a real change is underway rather than just a smaller "oops".
I may be completely wrong, I may be completely right. I've got no clue what it'll actually do, but that's my 2 cents on the subject.