ACB crosses the upward trend line, can it reverse?

29 Mar 2018

We have closed below the upward trend line, and out of the falling wedge. The weakness of the reaction rally foreshadowed the sharpness of the decline that followed. If we cannot hold support at 9.00 and start to form a reversal. If not, we will most likely test 8.50. Today hit support and got rejected twice, Will this be a reversal or will it continue to test lower?