You guys see what happened here?
Stops were taken from the previous low at 79.12. Price reversed there to take stops at 79.74. Now there should be minimal stops to take until 78.77. There might be a bounce there, but the 78.60 low is more likely to see some type of bounce. I see that possible bounce being short-lived, because I don't see the 77.65 low holding either. It was a weak low in that no big stops were taken at that spot and there were not a lot of fakes prior to that low.
Stops were taken from the previous low at 79.12. Price reversed there to take stops at 79.74. Now there should be minimal stops to take until 78.77. There might be a bounce there, but the 78.60 low is more likely to see some type of bounce. I see that possible bounce being short-lived, because I don't see the 77.65 low holding either. It was a weak low in that no big stops were taken at that spot and there were not a lot of fakes prior to that low.