It opened weaker yesterday then quickly moved higher over the day. Today it bounded higher out of the gate, took a short breather and kept on going.Classic head-fake followed by a whiplash inducing move higher. All serious shorts are out of this by now, counting their profits and waiting for the next move.The brave ones are long.I am not brave. ;-)
The doji was created on Friday, which I believe was the sign that a change was being made.
And actually, it was really beautiful to watch in real time when it bottomed at 13.29 and simply exploded upward. A classic "exhaustion V". That was, what, a week ago? A little longer?But the move wasn't confirmed until a few days later when it stayed pretty solid near 14j
I should know what "doji" means as it sounds Japanese hahaha! However, I just base my moves on my own experience and a small amount of really basic study. I bow to those who know more.j
And look at that MACD. This thing may run into the 16's before it gets tired, even if fundamental news remains unhappy. Depends on the market.