Yanlord Indecisive Doji

Since the collapse of the dome structure the bears have taken residence at Yanlord. Their lease is due for a review tomorrow as indicated by market actions. Bulls and Bears equilibrium resulted in a stalemate indecisive doji.

Those who hunted with the bears may want to cover some of their shorts in case of a dead cat bounce towards 2.00 to 2.05 region. Strong resistance at 2.12 if a dead cat can bounce that high. Higher than the 200 days simple moving average the cat has been resuscitated.

Those braveheart bulls waiting to hunt the bears must stay alert and be nimble. If the immediate doji support fails expect a drop towards 1.80 and the 50% Fibonacci retracement. A break down below the blue channel lower support means the bears have become permanent residents of Yanlord.