RE: Gap at 28p4 Feb 2021 15:12
hi Monte, we may yet see a double-bottom formed today and that would indicate a recovery from tomorrow, but of course we may not.
TA gives indications of support and resistance levels and allows educated choices to be made when the SP crosses those levels.
I have never been an advocate of very long term Elliot Wave patterns, in my view they give more reliable indications in the shorter to medium terms, but i certainly don't profess to have studied them in huge depth - as per BNc - who's knowledge and belief in them i respect.
Let us all hope for improved pace of news and operations, notwithstanding the dark shadow of Covid still hampers all activities.