QPM Chart, page-3641

Back on topic.

Short term bounce on daily RSI, MFI bullish divergence.
Volume not backing it up.




Weekly,
RSI confirming down move, although showing a bullish divergence in MFI.
AD line still not confirming a bounce, look for a W to form on the weekly.




As flagged earlier, again struggling to break out of the down trend line.
Volume Profile suggests market may try to find value short term between 14-16c.
16.5c Point of Control is quite crucial, watch for flows at this level if it gets there.
If I was short, I would be looking to add here so longs watch out. wait for break out.