Price is in a range, and on it's way down to the bottom. We're seeing a pull back here, and a break of a descending trendline. This is setting the stage for the bull move, but we still haven't gotten to the bottom of the range for the real strength that will bring this up. Getting in a short position at the touch of the 50% of the recent down move.
Comment:
Still looking for the short just above the 50% retracement.
Comment:
Short triggered.