- Price was forming a rounding Top with negative MACD and RSI divergence!
- This sudden fall is due to break of pattern.
- Looks like Smart Money became suspect that too many people know that they are exiting, so somebody pulled the plug!
Current view
- Price has currently taken support at earlier support and earlier resistances marked by Pink circles!
- Market has very strong memory at this range of 240-250 and we need to see if this breaks.
Feedback intended