The present range if 71 holds is Bullish. That's the 38.20% Fib...

The present range if 71 holds is Bullish. That's the 38.20% Fib holding and a possible morning star forming. I don't take positions on possibles I'd rather wait for the confirmation to arrive. It just saves on taking losing trades. And I was looking for a bounce off the lower pattern line at 68.

As per my previous post on the chart that was blatantly misunderstood. This range needs to hold and strength enter the chart before I'd take a position. On the above criteria being met that strength could re-enter. At present it's just guess work as the charts are still showing no strength.

Hope that clarifies things a tad dazza. By the end of day we should have a better view on things.