thanks for the comment and the chart falling knife.as part of...

thanks for the comment and the chart falling knife.

as part of the learning curve i was wondering if yourself or others could help out with understanding what i should have been looking for as WES fell from around $24 to yesterdays low under $21.


was there anything on the chart ie. volume levels that may indicated it was going to fall.


i noticed on the longer term charts it had started to turn and on shorter term it was making lower highs and lower lows; ( in which on most days it seemed to recover towards opening levels )

is it as simple as the bears pushing it back to the trendline, utilising perhaps market sentiment of the last two weeks, ie the american and australian markets approaching resistance levels ( ie 3800 )

if anyone has a chart to illustrate would be fantastic

certainly happy for any input