lol Skol, I repeat"I'm all for logical debate on direction but...

lol Skol, I repeat
"I'm all for logical debate on direction but Skols arguements are akin to being thrown into a bathfull of semi set jelly with an octopus on viagra...now what would Homer Simpson say to that?"

I dont think I have ever quoted myself before...strange indeed. I think I have unquestionably got the most thumbs down I've ever got, I'm either very mad or it's a contrarian bullish indicator.

you need to 2 major tops to form a major resistance line, we are in blue sky territory, you do not have 2 major tops in existence to form a decending resistance. + you are reducing your chart to (a) cherry pick timeframe, (b) pick a short term time frame which simply proves nothing given the magnitude of the waves in the retrace.