Tuesday, August 17, 2010

Genting Channel Projections of Bowl Breakout Pattern



Bowl pattern breakout currently testing dual resistance of median zone of the red channel. Bowl breakout measured move target is around 1.80 but needs to punch through red channel median resistance zone. A successful breakout above red median zone will test blue channel dual upper resistance band.

Support zones for pullback may be found at the following locations

1. Lower dual support lines of blue channel

2. Red channel lower support

3. Green gap support zone

4. Mid marubozu support at 1.40

5. Light blue gap support area

No comments:

Post a Comment

Search 2.0