Bears has suppressed any effort of the bulls to push price back up. That retracement to a shallow 38.2% yesterday was an indication of how strong the bears are.
I tried to position ahead but lost toward the 4pm (GMT+8) close.
I'm currently holding a single short position that I entered at breakout. Price will most likely hit extreme support at 159 to 158. Would bulls be there to keep it from free-falling?
I tried to position ahead but lost toward the 4pm (GMT+8) close.
I'm currently holding a single short position that I entered at breakout. Price will most likely hit extreme support at 159 to 158. Would bulls be there to keep it from free-falling?