Despite price rallying of the March lows and almost making new highs, price rejected at the top of the range and formed a lower high which sets up the potential for a large bearish move.
I think it's likely that from here, that we at least go and test the support in the $.62 range, but I have a feeling that breaks and that we go and test the lower supports before the bull trend resumes.
Let's see how it plays out in the coming weeks.
I think it's likely that from here, that we at least go and test the support in the $.62 range, but I have a feeling that breaks and that we go and test the lower supports before the bull trend resumes.
Let's see how it plays out in the coming weeks.
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