Contex:
this pair remains in its current downchannel , and from its oversold condsition we found support
whereas the rallie brought us at the mean of the channel where we currently reside , we had a rejection
at the mean for now , and it depends if this rejection is accompanied by a lower high to speak of weakness
returning , thus far we are still in a rallie attempt to take out the mean ...
signs of strenght:
support at oversold condistion
broken resistance
signs of weakness:
downtrend
rejection of mean
this pair remains in its current downchannel , and from its oversold condsition we found support
whereas the rallie brought us at the mean of the channel where we currently reside , we had a rejection
at the mean for now , and it depends if this rejection is accompanied by a lower high to speak of weakness
returning , thus far we are still in a rallie attempt to take out the mean ...
signs of strenght:
support at oversold condistion
broken resistance
signs of weakness:
downtrend
rejection of mean