Further downside is all but guaranteed after the break of the 108 level last week. However, this may come after a brief recovery. Watch the trendlines for entry opportunities.
(Quick note: Even if we do see a recovery, a double bottom or inverse head and shoulders will likely need to form on the 4hr before this can happen. Only assume bullish moves to the next trendline after one breaks cleanly.)
(Quick note: Even if we do see a recovery, a double bottom or inverse head and shoulders will likely need to form on the 4hr before this can happen. Only assume bullish moves to the next trendline after one breaks cleanly.)