A short signal had been issued on the day charts at $5.45 since 150421 and the pivot of $5.69 has held. Further weakness has been confirmed on the 4hr charts with a short signal on 300421 at $5.11.
The test of $4.88 supertrend support on the weekly charts is in progress. A break of $4.88 will end the medium term uptrend that started on 161120. Targets for the break of $4.88 will be $4.50 and $3.23
PIVOT $5.69
Short positions below 5.69 for $4.50 and $3.23
Long positions above 5.69 to test $7.05 and $8.65
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