View attachment 1475279Thread intended for those interested in chart analysis only. If you think it is Crystal Ball stuff then please dont bother posting your distaste as us TA types have heard it all before. Its all 'in our opinion' like most posters on HC after all.
It is a forum after all for opinions to be shared.
Barring news I think the next few days will pan out in one of two ways excluding an immediate opening bounce back above the short term fib of 0.236. See arrows on drawing.
Longer term then a close above 0.47 could see a rise to 0.55 (longer term 0.618 fib).
Cant ever see it breaking below resistance of circa 0.40 again barring serious bad news.
Others thoughts welcomed using your own selection of TA tools - good to share.
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