Weekly chart In a strong bearish market, what can possible support the price action? 200 SMA @ $3149 233 EMA @ $3701 Blue trend line which was resistance and turned into support, will it hold? Fibonacci ratio's with the 100% level @ $1826 around a 10 Jul '17 low indicates price action around 88.60%. The 88.60% was prominent with a Feb '14 low after the Nov '13 high.
Is this enough?
RSI pointing downwards, currently the 2nd lowest weekly RSI with 12 Jan '15 lower.