nice chart ewob, I can't argue with it, however would add two more thoughts:
firstly though I thought Thursday was the end of it clearly the downtrend had a bit further to travel. There's a longer term support/resistance at 6.5 and today's formation MAY be a hammer that bounces off it.
Secondly though the price has been trending down there's been a relatively recent turnaround in volume. Now I know that accelerating volumes on a downtrend is a bad thing but in the previous turnaround the volume trend flipped before the price trend. So that volume trend is interesting to me.
Last time I posted a chart I wasn't very optimistic. Still am not really, and I still only think we can start getting excited above 8.5, but I think a call to the 5s may be a bit too pessimistic.
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