Newton’s Third Law of Motion:
For every action, there is an equal and opposite reaction.
From extreme bearishness to extreme bullishness in a matter of minutes.
Because it all happened so fast, here is a blow by blow on NOW’s 1 minute chart.
What happened today?
There was an inverse C and H pattern that had a price target of 2.38 when support is broken. However , on the way down, it formed a bullish divergence on the 1 minute chart. It lasted only 5 minutes from 9:35 am to 9:40 am. Prices bounced back and then a bearish divergence occurred at 3.25 that caused a shallow correction . A new bullish divergence occurred at 3 pm and a succeeding bounce.
For entertainment purposes only.