Heelllllllaa ugly chart but luckily for anyone long there might be a chance to see a gap fill & test some real support. I'll try & keep expectations low for this one just because I'm sure some bears might see this as a dead kitty but we'll know for sure once price reacts to the 61.8% / 127% re-trace.
Comment:
Not a good day for bulls. Good news is - might not be this way for long. Bad news is - the bandaid hasn't been completely ripped off yet. Regardless of trend, & regardless as to whether or not yellow EMA crosses below black WMA, price tends to be at lowest point before a re-trace. Not quite there yet, but I'll be watching for a 271% pain-fall come soon
