Context:
price rallied thru the supplyline and tested the broken support again , where price got rejected ,
however there is still a lil fire in the heat for the bulls ,as anotther rally attempt might occure near the lows of 57200
we might see a trading range developing with support at 57200 and resistance 58115
Trading Opportunities:
Long:
Reversal at 57200 any higher low
Short:
reversal at 58115 any lower high
Signs of strength:
broken supplyline
Signs Of weakness:
rejection of the broken support
Support:
57200
56500
55600
Resistance:
58115
58800
www.invezted.com
price rallied thru the supplyline and tested the broken support again , where price got rejected ,
however there is still a lil fire in the heat for the bulls ,as anotther rally attempt might occure near the lows of 57200
we might see a trading range developing with support at 57200 and resistance 58115
Trading Opportunities:
Long:
Reversal at 57200 any higher low
Short:
reversal at 58115 any lower high
Signs of strength:
broken supplyline
Signs Of weakness:
rejection of the broken support
Support:
57200
56500
55600
Resistance:
58115
58800
www.invezted.com