just a quick guide on our journey down

it seems to me that we are going down for the time being and i think we might visit 530 levels again. as you can see that level coincides with MA50 on daily and used to be strong resistance on our way up, so it has to flip support. we have also 4H MA200 beneath us at around 572-579, so it might be our first line of defense against those tricky bears. lets wait and see, and in the meanwhile, take time to do your own research. believe me, it pays.