The breakdown was also good...
And we also break down the smaller which was a false breakdown because
- and here comes the good news-
we are still back into this channel.
If we can close back above the 10 today than the whole yesterday's 10EMA broke down will be erased and we
300 is the support on the hourly chart. If that falls 20 is the next resistance on the hourly chart.
If you enter your trading platform you will see that everything is in red today - except the dollar.
They will buy something when the USA opens. It should be stocks and if stocks rally oil will follow.
that would be a very bullish sign to me.
YEsterday's close below the 10 EMA starts to seem a fake out move...
That's the reason I dont like to jump in and out.