Comments on the chart
Commento:
The 90.00 level on this chart is playing 'hard to break' right now. A good and strong break is key for my bearish idea to remain possible
Commento:
The falls continue and price is nearing the lower trendline as shown on the chart. There is a possibility of a bounce around this area but I am still looking lower. Much lower. 90.00 has given way
Commento:
Massive reversal today. Price is threatening my bearish idea.
Commento:
Spectacular move down today. Just spectacular. In one day went from almost abandoning the bearish idea to price completely breaking down. one trading day is a long time in the markets
Commento:
Price has taken out the low of the structure. I am still looking lower
Commento:
Price moved up today. However on this chart price has put in an inverse hammer. An inverse hammer in a bearish trend could mean the resumption of the downtrend. We now have a price area to hang out hat and that is 89.63 which is the high of the inverse hammer. I am looking for price to move down against this level