Just 2 weeks ago, we saw some weakness in BlackGoldNatural with the 0.105 critical level failing to hold…
It was then at about 0.101 and I was still expecting more downside if the 0.10 gave way too on some specific price action…
Inner circle was alerted with some downside targets drawn then… to 0.090 then 0.080…
See what I mean below…
For illustration purpose only
Over the past week, we have see the 0.090 support giving way and sellers coming back to take it lower…
Seems like our 2nd target at 0.080 is still on track…
We may see some short covering occuring near there….
What a sell down we had experienced over the past 2 weeks… hopefully the support at 0.080 holds, if not….
More weakness still possible…. where targets may be revised lower again…
See where we are below now….
SYSTEM WISE, we did have a Bearish entry signal on the 20 Nov 2017…. Before the selling began…
PTI grads can check… No Exits for now….
For illustration purpose only
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