closed as a lower red candle with -100c body after -30c lower...

closed as a lower red candle with -100c body after -30c lower open
25c neck another long red tail -103c

look at the volume, largest volume since 5 year lows on 9-10 April
volume support showed up
and it hit the 50DMA and bounced right off at 21.56
RSI now at level 48.48 not seen since 18.18 close
MACD at -0.13 not seen since 16.61 close

Back in April we saw 6 days of this high volume that ended up cracking the 5 year lows, but it took 5 trading days
Will take 3-7 trading days to turn the MACD RSI around assuming it can be
this means the shorts want to take out the 50dma 21.50 and run it to that 20-21 rounding top pattern completion area & 2 days in a row theyve hit lower lows intra day

the traders are trying to pick the daily lows, basically gambling as toss a coin and the global shorts are trying to collapse it with volume and sharp quick moves to hit stop losses
miss 10 minutes and its moved 50c !
retailers using the 24min asx delay are total mushrooms here & cannot compete at all.

Need to see some reversal candles and dojis with a flooring pattern
nowhere near that yet so will see more volatile 100c - 200c range days and short attacks imho

Its traders & shorts heaven and hell. They are both making moolah.
For LONGS this is pure torture especially those holding from 40-90 & trying to average down.

It looks bearish on TA and dangerous for a LONG here
Yes slick is the johnny come lately and confirms my prior call, wait and see, wait for the reversal TA & the flooring pattern

Trading Rule 3
never buy on the way down
dont catch the falling knife
wait for the floor, it will be boringly obvious with no interest & spike out moves
buy on the way up in a defined rising pattern

SHORTS & HFT TRADERS are in control here.