today was not accumulation. today was sellers, we have just formed a double top with the wicks on the lower side of the gap above, which is the 50% retracement area from the inital down move.
a gap was formed also in the last swing on the 23% fib line which indicates a good support zone.
so knowing this, taking a position in the near future is possible as we know we are seeing .39 cents and if that breaks we are seeing the lows.
if 39 acts as support well you can take a position and ride it though to have another crack at the resistance which is obvious.
SAR Price at posting:
40.4¢ Sentiment: Hold Disclosure: Not Held