Context:
Price rallied in a strong fashion towards the major keylevel of the 50% retracement at 58800
where price currently found resistance . we currently reside at a minor support level at 58115
Trade opportunitys:
Long:
Reversal at minor support at 58115
Pullback after breakout of resistance at 59000
Short:
reversal at resistance 58800
retracement after breakdown of support and demandline at 58115
Signs of strength:
Strong buying pressure
Signs Of weakness:
rejection of 50% retracement
Support:
58115
55600
Resistance:
58800
www.invezted.com
Price rallied in a strong fashion towards the major keylevel of the 50% retracement at 58800
where price currently found resistance . we currently reside at a minor support level at 58115
Trade opportunitys:
Long:
Reversal at minor support at 58115
Pullback after breakout of resistance at 59000
Short:
reversal at resistance 58800
retracement after breakdown of support and demandline at 58115
Signs of strength:
Strong buying pressure
Signs Of weakness:
rejection of 50% retracement
Support:
58115
55600
Resistance:
58800
www.invezted.com
