XJO - Bear Posts only (Factors which might cause the markets to fall), page-2985

Hi mate, it certainly looks that way but the close and daily low was right on an area of significance.

I don't have time to go through all the different timeframes but you'll see on the right I have marked all significant price points I'm watching - for different reasons.

I haven't touched them in a few days but you'll notice yesterdays close was one pip away from the $41.26 level marked in purple - from a previous consolidation zone.

Today broke the previous 'neckline' and closed right on the 'last chance for bulls' - $40.05 to the pip!

If this level fails then I'd expect a test on $37.90 to follow

Was hoping it had one last push toward the higher volume nodes and 200dMA around $43/$44 but seems buyers ran out of steam.

Lets see what happens to BHP on OS markets tonight before taking a swing at next weeks moves

Hope this helps mate
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