Context:
the rejection of the resistance , caused a increasing of the selling pressure
which brought us thru the 50% retracement level of the current upswing
this are signs of weakness and any further leg down confirms the weakness
any signs of strenght returning should be seen at any former resistance / support/ and mean level
signs of strenght:
uptrend
signs of weakness:
rejection of resistance
selling pressure increased
broken demandline
the rejection of the resistance , caused a increasing of the selling pressure
which brought us thru the 50% retracement level of the current upswing
this are signs of weakness and any further leg down confirms the weakness
any signs of strenght returning should be seen at any former resistance / support/ and mean level
signs of strenght:
uptrend
signs of weakness:
rejection of resistance
selling pressure increased
broken demandline