LBT Chart, page-8

Here is the last three days of price action on a 20 minute chart:


Interesting price action today.
Gapped down, closed gap, then was overwhelmed with supply and was dumped through the support at 66c. Found support at 61c (~50% fib) and was absorbing/distributing supply but was reluctant to push above the previous support (now resistance) level at 66c. Interestingly at the end of the day the supply sliced through the 61c level where some support came in but seemed to be overwhelmed at the close. It will be interesting to see how this is resolved tomorrow.

Potential support in the 53-54c zone (if it gets there).