To keep things in context (which is always major drain on this...

To keep things in context (which is always  major drain on this thread because most novice chartists and non chartists cant think in multi time frame TA ) the 62% Fib 14c is not out of the question by any means..what's going on at the moment is a simple counter trend bounce within the main down trend.. commonly known as a "corrective wave"....price heading to the medium term upper 62% Fib most likely....a reversal from there to long term 62% Fib 14c-11c is still very feasible.. close above 24-25c..well then we might start looking at a long term trend change and some valid support... I do realise this is just Dutch to most here but anyway..