Some selling before the 4c. Dropped to .015 which was a danger...

Some selling before the 4c. Dropped to .015 which was a danger level.. There was no follow through after the 4c was released and the close was at .016 ( with most of day's volume occurring at .016 )

No uptrend... As I said I needed to see .02 to have a possibility of that.

So it is in that range with a dangerous test below .016.

Given the timing in relation to the 4c ( and the discussion in one of the other threads ).I would still have to be open to the possibility of a base defined by accumulation.

Selling is opportunity if someone wants to buy. Esp if the selling was out of fear ( again the timing ).

We know for sure if .016 holds and esp if we see a move back to .018 with no more move below .016.

Six time touching or moving through .016 makes for a very important level now..Either STRONG Support or selling volume activating downside targets.

Need to see .018 to nullify the negativity of the move today to .015. The quicker it moves to .018 the better.

The best strength comes from a reversal of weakness. But until we see .018 we can imo not know that is happening for sure.

**The lack of selling pressure after the 4c was a positive sign.**

Motorway