If bad things come in 3s, then Friday's close of 0.035 sets the...

If bad things come in 3s, then Friday's close of 0.035 sets the tone for the weekly chart.

By placing a descending trendline of resistance from February 2019,¹ it shows that support was ultimately established at 0.044 in December.²

From that, FBR broke through the resistance trend in mid-January,³ and stayed above it for six weeks.

But tomorrow's trade - should it fall to 0.034 or lower - will confirm the failed breakout.

With several daily falls, last week's double whammy was a breach in the current support level of 0.044.⁴

But make that a triple whammy - last week's decline of 30% was the biggest in 12 months.