- Lower highs and lower lows
- The 8EMA has crossed the 21
- The price action is testing the 23.6% Finonacci level
I would expect in the short a either:
- Rally up and test the 8 and 21 averages
- A plunge below the 23.6% level with the next resistance levels at 50 average and then the 38.2% finonacci level
I originally published this chart a few months ago.