Potash also appears to be breaking down. Price carved out a new momentum low after forming a quick divergence. Price is now beneath the 20 and 50 period MA, yet their orientation is still bullish and the trend still remains up.
Potash has only made a lower low, and to be confirmed as a downtrend, would need to make a lower high and then swing back to take out the lower low.
Potash has only made a lower low, and to be confirmed as a downtrend, would need to make a lower high and then swing back to take out the lower low.