Let us not lose sight of the fact that on April 1, prices staged a 4 day reversal. That is, they posted a new low for the down move then closed up on the day and above the range of the previous 4 sessions. . .Also significant is the fact that it comes from the area of the critical Gann level; 3.95. I have zoomed in the important part of the chart. That is a reversal in anyone book. I hate to throw cold water on what looks like an important development but… Elliott says this should be only a reaction rally'; to 4.48 to 4.55. However, stops are important . . . just in case.
JbG
