Short Term Trading Weekend Lounge: 15-17 Feb, page-54

Yea, I think BID is looking to potentially to pullback to 1.50 here, the volumes on Tues/Wed/Thurs also suggest some distribution was going on.

A breakdown at 1.50 would be a concern for the short term bull, I see 1.30 as probably the area that needs to hold to keep the bull alive (if it doesn't, the chart may look something like a head and shoulders reversal). That said, if it holds above 1.50, could stay in the channel and carry on with the uptrend further.



Oh and sorry if it's a bit of a spiderweb .