yes, it does look like it for sure, I actually watched it for a while this morning, and it initially pulled back a little, but found very little supply (a test of sorts), then it began to respond higher with relative ease.
So there is a high volume downbar which closed well off its lows, then a strong widespread reaction higher on much lower volume.
Put them together, and you have a shakeout over two bars.....so it is a shakeout !! ....which is pretty much what we expected all along......buy a test now if it comes.......sadly it may only be an intraday test again......we'll see.......
