Bearish Structure Still Dominates Price ActionThe dominant pattern remains a declining structure, with the potential for a lower swing high to be established from Thursday’s price action. A break back below the 20-day moving average, now at $4,697, will trigger on a drop below Thursday’s higher daily low of $4,685, which takes the form of an inverted hammer candlestick.That would suggest that the larger bearish pattern is progressing. A new lower swing high was established in April, which was the top of a r ...