We were rejected right at the halfway point of the channel; however, we are seeing a bounce off the bottom trend line. Seeing that we couldn't even make it past the halfway point, I don't believe this bounce will last and we will break hard below the trend.
It is also important to note that we are sitting at the bottom of the daily triangle that is coming to a point very shortly.
It is also important to note that we are sitting at the bottom of the daily triangle that is coming to a point very shortly.
