Context:
The current reaction of the mean of a major downchannel , brought us into a minor downchannel,
which currently trades at a former resistance level , with the actual shorteneing of the down ward thrust
that level tunrs now support in order to regeain strenght and try another test at the mean , we need
to leave the channel , any further down swing will lead us to the middlepoint of a former indecision level
@79400 here the bulls need to step up or we head even lower for the time beeing.
signs of strenght:
broken resistance
turns support
signs of weakness:
rejection of mean
down channel
The current reaction of the mean of a major downchannel , brought us into a minor downchannel,
which currently trades at a former resistance level , with the actual shorteneing of the down ward thrust
that level tunrs now support in order to regeain strenght and try another test at the mean , we need
to leave the channel , any further down swing will lead us to the middlepoint of a former indecision level
@79400 here the bulls need to step up or we head even lower for the time beeing.
signs of strenght:
broken resistance
turns support
signs of weakness:
rejection of mean
down channel