@vendor There's many bearish reversal signals.
I'm not sure I agree with you...
Bearish reversals occur within an uptrend, the first one occurred yesterday about 10.20AM when the SP dropped from $1.40 to $1.32 within a 20 minute period.
There were two identical gap down candles around $1.30 between 10AM and 3.50PM and during these periods there were sharp declines in volumes. Volume declines between 10AM to 12.15PM and 2.40PM to 3.50PM.
Buyer seller spread this morning is low, if it drops further, mark my words, the SP will decline more than my original estimate, it's a volume stock, let's not forget this.
Furthermore, oscillators confirmed yesterday that the trend confirmed weaking momentum as was clearly reflected by the rapid decline towards COB.
There was support/resistance on the 26/27 around 1.27, let's see how we got today...
