- 8 Hrs chart is taken as a reference.
- The rally broke down at pint 1, on 28 Oct 2010.
- Retraced to Point #2. This could not pierce the swing high.
- Now, if it close, below point #1 (11018), it is theoretically considered as a trend reversal. Normally, such a breakdown has high intensity.
We have to see how it closes today…
