persistent looks interesting today…
a positive structure indeed, after a bullish , closing marubozu, undergoing followthough!
all this after a massive shakeout which has resulted into a buying frenzy at the cloud support
looking at the weekly chart, the flat red kijunsen can still magnet the price action downwards, but looking at the positive response form the kumo cloud in the daily chart, and action not giving up the blue tenkansen support…
looks like the bottom of the shakeout is done…