Lets see if this plays out... No signs the bulls have returned with huge force.. Probably a bit longer term than most would like as they scalp their way through the steps.. Good Luck !!
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Downward Channel, Watch for Breakout !!
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Pinch point !!! Who's feeling Bullish ?? Who's feeling Bearish ??
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What do you reckon??
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double bottom bounce or breakout ???
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Watch out for those high volume sell offs.. the smart guys are buying those little dips and waiting for the orderbooks to consolidate.. check the volume bars.. they get in early and wait for the trend to rise before dumping on their criteria leaving those buying peaks holding bags... its a viscous game.. wait for a clear sign of a reversal to this bearish downward spiral I say.. only because i can't watch it every five seconds lol..
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oh, that is nastier than I thought ! This may very well be a diamond top that holds true to the classical target..
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Textbook !
