We currently squared off the way up with a similar way down from the latest high. Whats next then? We will rise back up and re-test the sloping resistance, if rejected we will bounce back down and re-test the sloping support and a possible drop towards 10000 given the current Haed and Shoulder pattern. Bulls will be awaiting that range as well and if they fail to defend it we may crash as far as 9700-8000 ranges.
So far so good though, Trade Safely, Happy Trading!
A word from our sponsor: Let good old TA lead the way, this is not financial advice.
So far so good though, Trade Safely, Happy Trading!
A word from our sponsor: Let good old TA lead the way, this is not financial advice.
