My view and what I am expecting but the markets are never predictable as you can see what happened on the US markets as the shorters got trampled!
The highlighted was a massive gap up but unfortunately just couldn't get any more follow through buying. Today we have another gap so I would be watching 18C, a bit of congestion but the trend is still clearly bearish.
If I were looking for entry I would expect 18C resistance to hold as price retrace back down and either look for a higher low entry or double bottom. Just my 2 Cents picking a bottom.
AJM Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
