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SE ND | Matt,
I agree with what Fry and JP have said. The sellers at 1060 were retested and price wasn't able to close above them. Will they be able to make new lows? If they don't, then one would think that price will test out the larger sellers at 1086. Interesting price action up here at the top when viewed on the 4hr. We have seen this type of formation before, only in a different context. Price acted this way on the daily when it topped in 2012, and the downsloping fork controlled price for a long time afterwards.
Edited by NoDakFarmer 5/5/2016 15:30
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 BBP1.png (46KB - 69 downloads)
bbp2.png (45KB - 70 downloads)
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Bean charts?
