Price action, page-2499

It would be weaker than previous bounce backs. Every bounce back becomes weaker - shorter bounce back period and less SP increase. When bounce back happens, look at the last bounce back and it's not hard to predict the end of bounce back. At the end of bounce back it always shows slightly larger volume and SP doesn't go up (ie could be a cross candle or shooting star). The major resistance would be $1.09-1.15 and $1.2-1.25.

For a reversal to happen, you need big green candles with high volume, for a few trading days in a row. Then we also need to look at the charts & trend lines to determine if it's a true reversal.

DYOR.