Blue line: $52 transition line, this line needs to be broken strong for us to head lower imo .
Red trend-lines: We've see an increase in prices, with declining . This is a bear divergence.(whether or not it will play it is another story, yet I believe it will)
Orange line: This was a bull trend-line witch has been broken as of late, and the is beginning to look very to me.
The flags are areas in which I am predicting that the and price will hit. I am not adding or selling any of my position for the near future (obviously unless my SL at BE gets hit).
I will be expecting slight bounces based on some BS news from the middle east, or if we hit any support areas on the way down, however I will not be scared into selling something that easily looks in my eyes.
Still short without any additions to my position.
Doesn't look like this thing is moving.
Roll with me, daddy needs some play money.