Gap down signal the end of the current trend and the start of a new trend (up/down/sideways). This gap down bar looks like a struggle between the bulls and bears as the upper and lower long tails are almost equal in strength.
This South Africa COVID-19 variant Omicron maybe scary but the world now knows more about COVID that 2 years ago, so it depends on how much fear the Market Maker can create for retail investors to sell out, else there will be a rebound. Market Maker like institution are always testing investors Greed and Fear, so be prepared, stick with companies that have real earnings.
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