G/M
Yesterday's Daily candle engulfed the bodies of the previous 4 and the selling continues from that close into the new day...the 50% of longer term 5290-6746 @/around 6020 and the Weekly S1 pivot @/around 6031 have both been breeched to the downside. Below here Daily S1 @/around 5995, a previous daily/weekly swing lo running from about the 76.4% of the 5745-same 6746 @ 5980-5934. Then, Daily S2 is @/around 5927.
Yesterday's pullback from 6092 found resistance at the broken 1hr/4hr ascending trend line 6148 which resulted in a further sell-off to the yesterday's 6059 area Daily lo.
Price has breeched the 100sma and 200sma on the daily chart to the downside although 100 remains above 200, unlike 100 where it and price is below both and on 4hr price is below both with 100 bearing down on it's 200 for a potential cross down.
Upsidse fibs are drawn from the 6746, 6546, 6470,6441,6262 and on 1hr the 6148 swing to the current daily lo.
1hr/4hr are in a classic opa downtrend, a LL being printed at the current Daily lo.
Current near-term 1hr screenshot is below.
G/L
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