EML Chart, page-122

AS89, I get your point. It doesn't have to be down to 50c to prove it's in dire straits just the same as an organism, like a human, doesn't have to lose all its blood in 5 seconds to prove it's sick.
The trades over the past few sessions have been mainly sells, but in tiny trades (a bot) so instos are still getting off. This is a proven strategy to get retail to buy in larger chunks so to push the price up, so they can continue their selling.
So far, there's supply resistance at 0.80, but I'm expecting that to be taken out either today or over the next week.
The CBI is causing this slow bleed out, actually except for when Tom Cregan was deposed as leader, every single selloff has been caused by that central issue. As one poster aptly put it, until that issue is resolved, we're going to remain in this misery.