thats the worse, especially if its when you see your target falling short on getting eaten especially if there's only a few sellers in front :S
could be a possible morning star playing out of the support zone...which could set up a new higher low which would offer the swing.
BUT we have breached the outside support of the channels that have caught price well in the past. (so we need to come back in tomorrow - this would form the morning star pattern and from there re-evaluate)
recently a possible pennent pattern was boken to the downside, and they are supposed to break upwards...not good.
this was worst case scenario, the possible break away gap didn't eventuate and now a sideways move to stop the bleeding would be a welcome relief.
one to watch now.
PDN Price at posting:
51.5¢ Sentiment: None Disclosure: Not Held
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