That's the further downside I was talking about, kicking in...

That's the further downside I was talking about, kicking in today. Just text book stuff not rocket rocket science!

Someone suggested I had removed the narrower channel, because I stuffed it up and it didn't work out. Not so at all! So by popular demand I included the narrower channel again just to show it is still working out fine holding the bodies of the candlesticks within its boundaries.  

The same critic suggested, I shouldn't predict SP action, because "chartists don't predict". For me however setting targets is an important part of my trading plan. How else could one calculate risk/reward ratios and set TP levels and so far I thought I'm doing alright anyway. 

So I guess as a chartist, I shouldn't predict the challenge of the previous 27c low, but agains popular believe and as a contrarian, I do so anyway!

As previously mentioned, I'm happy to be proven wrong by other chartists especially if a more bullish chart is presented and the interpretation does add up!