- trend is down on daily charts
- yesterday was a strong gap down and strong close at positive
- today was a gap down day with close near previous day's low
- yesterday high around 7940 becomes an important level
- I am accordingly shifting the swing reversal level to this level
- note the above is ad hoc rule designed to lock in gains - this is not a universal rule.
- yesterday was a strong gap down and strong close at positive
- today was a gap down day with close near previous day's low
- yesterday high around 7940 becomes an important level
- I am accordingly shifting the swing reversal level to this level
- note the above is ad hoc rule designed to lock in gains - this is not a universal rule.
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