The Head and Shoulders that was displaying yesterday looks to have not had enough momentum to continue below the long term trend line. After testing the 310-314 support range several times today a smaller invert head and shoulders began to display.
If we see another sudden bullish move in the next few hours it could continue for at least the next few days. My money is on this being a bottom either way, but stops should be set to protect against falling past the long term support line (which is currently at about 308 and rising).
If we see another sudden bullish move in the next few hours it could continue for at least the next few days. My money is on this being a bottom either way, but stops should be set to protect against falling past the long term support line (which is currently at about 308 and rising).