Quote from: Millionero on December 24, 2017, 10:59:21 PM

He said we must look at the closing of the weekly candle. If it's above the previous week's bottom -- we recover.
But does previous week's bottom mean the previous week's closing or the previous week's low (the wick)?
Taken literally, the previous week's bottom is the lowest price of the week, in other words the candle wick.
Which would mean we still have breathing room.

It's done. The week he was talking about is over. We closed above the previous week's low, which prevented an ugly reversal candle.