Smackdown right on cue by the shorters who got their way today....

Smackdown right on cue by the shorters who got their way today.
Vicious little shorters smell blood in the water and an entry point to short this backwards.

long engulfing bearish red bar covering yesterdays green bar, a dangerous signal
yet nowhere near the monthly pivot points 2.45 2.60 2.70
Classic false start pattern sell at the higher 2.87 open buy at close 2.80, a good 7c profit for the shorters sucking in the buyers at open yet again
Into close tried to hold 2.82 but then got smacked down to 2.80 as NP collapsed sharply on US$ strength meaning many are short holders here and shorters are trying to pick a top to smash it down.

If NP doesnt recover tonight expect another shorting attack monday morning toward 2.70 and then maybe a rebound but some buyers are now sitting out. will the 3 month bullrun continue or is this a pivot point backwardation retrace long overdue to 2.45 or not?

I sit and wait for the trend to become clear.