Of course, we can just react to what happens, but starting to anticipate a break lower at some point...
adamicius
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So far so good. 1. What concerns me is: still no volume. 2. Somehow, I'd expect the correction to be 1-2-3 with at least one more push-down. On the other hand, the price seems to respect the support line so far...
RealMcafee
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@adamicius, Yeah I'm not convinced yet, still on the side lines right now. If finds support at 1100 I might get back in.
adamicius
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@barclayjames, Exactly: or decisevely break the resistence at 1050...
XmOkEy
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@adamicius, can it be a bearish flag? I hope not, the support seems to be holding
adamicius
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@XmOkEy, Exactly, so far had 4 touches of the trendline drawn by @barclayjames... very tempting,
but as mentioned, no decisive volume so far.
Zoom out to 4h and it suddenly seems much less bullish - lot's of up wicks and inside candles... watching.