Quick shift to more bearish sentiment for EMP

Just when thought EMP will bounce from support (base of Kumo) at 10.80 with some Neutral Bullish Signal from Tenkan Sen / Kijun Sen cross, the price broke the support and the cross was reversed telling us that EMP may fall lower than what we saw last week of November when it hit 10.4x level. The Inverted Hammer wasn’t confirmed which only enforced the bearish sentiment. If this will continue to fall and break the 10.40, next support will be the 9.8x but this might not be a strong support since we haven’t seen any previous action at this level.

Caveat!

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