As noted in my last post, we had a chance to revisit the lower rail of the Extended Fall Channel and as seen below, that is exactly what we did. We needed to close above the line LT1, but the best we could do was to close nearly dead-on it.

Which led over the next five days to a journey South. 

![steemusd-31218full.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1520913897/jxxzag4ahbkemoo3ofa1.png)[Larger Image](https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dtNgwNr92f6xop4QkgvKhTLeXXFS7_1680x8400)

This southerly journey created a new embedded Fall Channel with its associated Control Line, shown below in purple (not labeled). Today's action so far has found this Control Line as a support. The EYE Right Rail line will offer some resistance as Price tries to move past it this week.

![steemusd-31218full-zoom.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1520913918/s2vsvj74rgqdxs2teb0j.png)[Larger Image](https://steemit-production-imageproxy-thumbnail.s3.amazonaws.com/U5dsCwjTKbEbjNMvqwCS6NSqGD96zGi_1680x8400)

This is crunch week, from what I can tell here. This has been a very strong EYE. Beaten us down twice. Took us out of every short and medium term trend. Recency-bias tells me we should fail again as we try to cross the influence of the EYE's Right Rail. STEEM needs to get a leg up, and soon.

The model, as drawn here, tells me little. Price may drop here all the way to the OUTLIER line, or it may rise all the way to the EFC Upper Rail. 

Over the next week I will be looking for new upward lines of force to appear on the model. I have already seen some that I suspect will become solid over time. Hopefully the model will be able to tell us more over the next week. Thanks for following along.

[Previous Post on Modeling STEEM](https://steemit.com/steem/@jonknight/modeling-steem-2mar18-confirmed-exits-as-expected)
[Learn More About Lines Of Force](http://cheapcharts.net/linesofforce)

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NO TECHNICAL INDICATORS. NO FUNDAMENTAL ANALYSIS.
IT'S YOUR MONEY. PROTECT IT.

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