Thanks MFx and redbacka, There are two previous price breakdowns...

Thanks MFx and redbacka,

There are two previous price breakdowns above the current price, so the price action remains potentially weak.

So i'm sorta thinking we may get both a short rise in price....perhaps just a short sharp rise, then a failure at the previous breakdown line (which is a logical place for price to fail), which roughly corresponds with last Thursday's high (which I originally marked on the chart but forgot to comment on).   Last Thursday's high (for me)  is where price needs to close clearly above, for the price action to suggest there maybe a change in short term trend (from down to up).



cheer