Z-Obee Doji Testing Sloping Support of Potential Ascending Triangle

Doji testing red ascending triangle support and light blue support zone. A successful rebound to confirm the ascending triangle pattern will need to clear the following resistances

1. Immediate resistance formed by the intersection of the upper boundary of the blue channel and the lower boundary of the green channel

2. Resistance zone at 35.5 to 36

3. Lavender resistance area

4. Orange resistance region

5. Green resistance territory

6. Horizontal resistance of red potential ascending triangle . A breakout above this resistance confirms the triangle formation and will probably see an attempt to climb higher.

Conversely, if the flushing of the weak contra traders is not support by strong buying interest expect retests of the following supports

1. Immediate sloping triangle support

2. Light blue support zone

3. Pink support belt

4. Ichomoku kumo support cloud

5. Lower boundary of blue channel