Taking a look at the chart today, we see a strong bearish breakout on the daily chart. Since price has never broken previous high, we are still technically in a bearish trend, although we are close to breaking it. We have a short term GAP TRADE presenting itself, as well as strong resistance below. These are the areas we will watch for, and you can set short term buys at.
Keep in mind the entire market is crashing, and we may see prices below these two points.
Keep in mind the entire market is crashing, and we may see prices below these two points.
Comment:
Short #1 Reached, Gap trade closed.