Let's take the gaps into consideration as they are the main...

Let's take the gaps into consideration as they are the main players in this security at present.

GAP A.

Top of gap A. is where price closed today. The bottom of gap A. acted as resistance lately from 31st to the 6th of Feb. As you can see these gaps are acting as very well defined support & resistance zones.

GAP B.

Top of gap B. halted todays move dead in it's tracks. The worrying thing here is, that was a great announcement. But that gap acted as a sheer verticle cliff, unscalable and ultimately impassable. This allowed the bears to sieze a massive victory. The only saving grace for the bulls came in the form of Gap B. middle line (no mans land) that also corresponds with the 62.00% Fib.

THE NUTS & BOLTS.

Inverted hammer in itself not deadly. But we need to remain above that middle line of GAP B. Any failure of the bulls to hold this middle ground will see a retrace to the 50.00% Fib 16.5, failure to hold that decisive line and gap C. will be filled. Tomorrow presents the confirmation on either the victory going to the bulls or the bears. Any smart traders would have exited on that top line of Gap B not breaking. On a break of that line tomorrow you can expect reinforcements arriving to bolster the troops and take this to previous highs of at least 0.22.

Failure as mentioned to break that line. Is a massive victory for the bears with the bulls being slaughtered.