Doji halted advance inside potential resistance zone demarcated by green dotted and green bold diamond resistance lines. Any surprise upthrust above this green resistance zone will probably encounter strong bear defences at the light blue dotted resistance band.
A pullback towards the red support of the diamond is expected if the diamond trading pattern script continues to play accordingly. Take note of any breach of the orange dotted support area as this may be the start of a long term downtrend.
Posts
No comments:
Post a Comment