I am so glad to have been wrong on this one! Honestly quite happy that it did not play out and that push down to 0.28 was rejected a few time eitherwise there could have been some trouble for us this week.
This is the hourly - each time, we bounced off the 0.28 last week to eventually push up and close the week out on 0.30
On the weekly, we saw indecision as indicated by a Doji candle and for us, that indecision occured after a long few weeks of downward SP movements, eventually rejecting any further decreases in SP and setting us up for a positive week ahead and in my opinion a bullish reversal.
On the 2 hour chart, im looking for a nice cup n handle formation which could occur over the new few days/week or so...on this I'll probably look for confirmation either around 0.345, before eventually breaking through 0.36 again.
Anyway - I feel like we've been here before... how about you?
(20min delay)