Wednesday, April 7, 2010

Yanlord Testing Double Resistance Zone



Testing of double resistance formations

1. Dual upper resistance boundaries of green channel

2. Blue resistance band

Breakout above these 2 resistances will test the dual central resistance band of the red channel and challenge the pink resistance zone. If buying continues above this pink zone expect probable resistances at the colour bands indicated on the chart.

However, if the Big Bulls cannot clear the blue immediate resistance band a pullback towards the light blue support band is imminent.

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