AWB gapped up and went to obvious resistance it has been unable...

AWB gapped up and went to obvious resistance it has been unable to break through for a while. On the 15 minute chart there was a false break and now it is coming off with the rest of the market. The 50% retracement level is failing at this point.

It has also been trading in a sideways channel for a while.

Also the whole market is now starting to come off.

On a personal level I think this is a bear market rally which is about to fail.

I watch and trade AWB and now see a shorting opportunity though as always - tight stops apply