Prices made an outside reversal candle today (higher high and lower low than the previous session) while also managing to close below yesterday’s low. This development is an excellent opportunity for prices to begin dropping sharply, and a close below the 10-day moving average tomorrow will imply the rally is most assuredly fading, and that prices have topped.


If prices don’t close lower tomorrow, then today’s action was price simply closing the gap that opened yesterday, less likely in my opinion.