Following the neckline break of the head and shoulder pattern last week, we saw price melting below the weekly support target. Even though our chart analysis is showing signs of a bearish reversal on the weekly chart, we still need further price information to determine weather this will actually be followed by more selling in the coming weeks. There’s a few possibilities; firstly looking at current price action we can see that the week ended with the bulls overwhelming the bears temporarily to close the daily candle stick as a doji (highlighted), this could signal the weakness of the bears. The current bearish movement on the daily may be short-lived and we could see the bulls starting to have more dominance in the coming days