After tested the resistant at $ 11.0 level, an engulfing bearish was formed. Normally engulfing bearish is indicating a trend reversal. The 3rd candle normally act as confirmation candle now is more convincing with again another dead cross of MACD moving average and fall back of the MACD histrogram to negative region. Most of the indicators are weak and estimated prices will marching to further south in near term.
