12-2 Let's keep it simple. What's so special about the 100-101 zone? Not only is it the first breakout into a new high out of what some would call a base. It's also a 50% Fibonacci retracement on the way down. It also just happens to be at? An old support. We all know the old rule of thumb right? Old resistance once broken tends to become? New support. What is even more special though? Is the B wave bear channel. Check out BIDU and BITA as they too both did one before breaking to the downside. Knowing what to watch for sometimes can make all the difference. In this case the for shorting the bear channel told you all you need to know.
Do yourself a favor and be on the lookout for them. If you are a long only type? They are the what to watch out for.
For informational and educational purposes only these are not recommendations, trade at your own risk.