Yep - price action was projecting what was on its way - shit report yet fundamentals aside, from a technical perspective the chart still remains robust if the $1.80 zone can hold strong. We have a bullish reverse head and shoulders in play now with the right shoulder down at $1.80 symmetrical to the left so ideally completing very soon. Dynamic support is in play as is the 50.0% - 61.8% retracement zone - combined with price now back to oversold, there is a tonne of technical factors around $1.80 that are very supportive. So Lets see if this zone can withstand the selling of those who have had enough. I only start losing technical faith below $1.74 !! E .
RRL Price at posting:
$1.83 Sentiment: Hold Disclosure: Held
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