Loading ...With pm’s this pretty much always happens next day or at least 90% of the time. They always take back more the next day than they give the previous day.
Charts in pm’s are 100% unreliable, at least short term, say anything less than 20 years or so. Although, I would say if you want to look at a shorter term chart, then you can consider the downside targets, they will always get hit. Gaps will always be filled. Downside gaps that is.
The last rule is that rallies do not last more than 4 – 6 weeks at best. They are always stopped with a huge reversal, which always becomes a new downtrend. The new downtrend will always exceed any expected downside targets.
Just the facts ma’am.