Inverted fulcrum broke support on the 14th of January. Bulls recently broke the red resistance line and bears are viciously attacking the green support line. The green line breaking would indicate to a semi-catapult back into the inverted fulcrum and increase the likeliness of further downside, possibly towards the double bottom at 1299.
The chart below shows same trend happening in candlestick format, whereas main downtrend value low and central control line act as resistance to the last run for the fences by the bulls.
The chart below shows same trend happening in candlestick format, whereas main downtrend value low and central control line act as resistance to the last run for the fences by the bulls.