The area around 54.17 is being consistently resisted and should be resisted again to form a reversal.
Comments
IvanLabrie
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I think the rebound will happen with the next leg up from here.
What I'm not sure is if this isn't a double bottom and a larger scale reversal, with this rebound being a retracement in a new uptrend or major correction of at least 50% of the fall from the top.
What I'm not sure is if this isn't a double bottom and a larger scale reversal, with this rebound being a retracement in a new uptrend or major correction of at least 50% of the fall from the top.