Longterm downtrend is obvious.
Current range has narrowed to 47.75 - 51.25.
Today`s reversal at 51.25 (weekly R1) could be significant for bearflag completion, CCI(s) are looking like ready to break down from their corrective patterns.
NFP tomorrow could give resolution, break of weekly pivot could confirm downtrend continuation, then 47.5 needs to go. (i am already short and waiting what happens at 49.5)
Current range has narrowed to 47.75 - 51.25.
Today`s reversal at 51.25 (weekly R1) could be significant for bearflag completion, CCI(s) are looking like ready to break down from their corrective patterns.
NFP tomorrow could give resolution, break of weekly pivot could confirm downtrend continuation, then 47.5 needs to go. (i am already short and waiting what happens at 49.5)