taduyhung2002

taduyhung2002

After a while consolidating within 41k - 29k range it found resistance which is the upper descending trendline -- and is set to make a sharp drop into 20k zone. A corrective continuation beyond the upper descending trendline would then accelerate the impulse to the downside. Plus a bearish daily chart pattern is forming, if today's candle close intrudes well into...

taduyhung2002

1. The bulls were not bullish enough to maintain the high above the inflection point set in 9/1/2011 2. Exactly 50pct. Retracement 3. Resisted by upper descending trendline 4. Price moves correctively 5. Bearish daily candle close