step right up place your bets, page-26

Hotdunnasday,
It was because if you look at the chart you will see it is trading between the red and blue dotted lines yesterday it failed to break & stay above the red line forming a hammer candle or top.
Today when I posted it was trading below the blue line so now it depends on today's close anything below blue it is going to break down anything above will give it a chance to break up.imo
$2.59 is some candle support enough for a day's trade hence why I picked it as a low.The midline is @ $2.66 and is where I'd expected it to close.
ATM It's channel surfing between the red and blue lines and needs to break either way..
As I said yesterday it has formed a small flag or pennant so today I rated 60/40 in favor of the break down.
2morra may be different.
Hope it makes sense..
Cheers Pete..
pps Plus I'm keeping Bloggys honest...lol