If I may differ with you on this edgy. I say .79 area is the base for this reason we had two tails touch the bottom of .76 back in beginning of Feb. We I have learned never I mean never take the readings from the shadow of a candle. Those tails do not reflect the consensus of the majority of market participants. It reflect the miscalculations of a panic seller at the bottom of a decline.

The closing prices are what will give a stable target. A tail reflect a misinformed seller targeting a lower price then the market corrects and buyer drive the price back up. Tails are great for determining where the bull think a 'intrinsic value is by there coming in and overwhelming the sellers. That is the significance of that .76 candle but a true bottom is determined by the closing of a candle.

Well I should say .78 Reason I have said .79 as that has been my bottom target since Feb 02 of this year. But bear in mind targets are not absolute but are a vicinity area. The more times a support area is retested the stronger it gets. the .78/.79 area has touched of 8 times. This is a really good indication of a bottom and a reversal is coming soon.