We have seen about 4 weeks of a bearish
attack and when we was last in a bullish trend
on the daily chart
it trended for roughly the same amount of time. We have hit a strong support area
and are hoping for a break of the trendline and a move to the upside and could see it retrace up to the 61.8% level. The RSI
is showing divergence and in a oversold situation where we should at least see a move up to the 50.00 before we see rejection.