The 15 Minutue chart shows an upward corrective structure - volatile and not smooth lines of movement. This doesn't bode well for a positive upside turnaround. I would still have a bearish bias on that basis
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I remain bearish on this - next zone to watch out for is 5677. If banks, RIO and BHP keep sliding along with any downward move in iron ore, the downside will take a while to play out.