We did break out and closed above our blue trendline but with very little volume and follow through; thus forming an M pattern with .618 fib neckline. There might be some support at .786 of our fib but I don't expect it to hold the market very much. I also suspect that the green trendline support won't hold the market for long and will eventually break unless we get a bounce up to 0.36$. A good confirmation for a reversal would be a break below 21 EMA and then coming back up to test it as resistance.
