Is This Just a Dead Cat Bounce or a Full Bull Run???

With The recent explosive bullish moves on many currencies there is talk that this move is what the market calls a "Dead Cat Bounce"  Never heard of what this particular market event is??  Let look at what the definition is:

Definition of 'Dead Cat Bounce'

A temporary recovery from a prolonged decline or bear market, followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock or commodity. Frequently, downtrends are interrupted by brief periods of recovery - or small rallies - where prices temporarily rise. This can be a result of traders or investors closing out short positions or buying on the assumption that the security has reached a bottom. A dead cat bounce is a price pattern that is usually identified in hindsight. Analysts may attempt to predict that the recovery will be only temporary by using certain technical and fundamental analysis tools.

LEARN TO IDENTIFY A "DEAD CAT BOUNCE"

So Thursday Friday would definitely reflect that we got a bounce on many pairs.  More specific would be the EURUSD.  We had a big celebration in all the markets based on Draghi devoting every effort to save the Euro.  Yeah  Happy times are here again.  Well not so fast there Bull's.  There is still no concrete plan in place to solidify Drghi's Commitment.  Lets look at the Daily chart on the eurusd.

From first glance at this chart we see a clear possible reversal with three very strong buying days. Hey alright the Euro is back. Again not so fast.  Lets put some lines on this chart and compare with the Cartoon.

Now things are a bit more clear. We see four technical reasons real clear why this could be a "Dead Cat Bounce".  Major Horizontal S/R, Daily trend line, and Fibonacci. The forth one is a Fake Breakout candle. Can you see how similar the above chart and cartoon match.   So all you Bulls ready to throw the house at a big Bullish move be careful.  Now add the fundamentals to this and the global economy still in very murky waters and the possibility of this being a "Dead Cat Bounce" are magnified.  It will be interesting to see how this plays out this up coming weeks session

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Please leave us your thoughts and comments on this and again Bulls, Be careful!