Contraction of range with price making lower high and lower lows. Bearish price action.
Price is within a tight sideways channel. Short resistance and buy support, until it stops working.
Is the bear trend over ? Looks supported around 3.08 neighbourhood. I am longing as per rules in my trading plan. If pattern works out well, I hope to hold till December expiry --- 14/12/2016 weekly
divergence
