Context:
Price stays within its range of support 56750 and resistance at 57650
we currently rejeceted support and broke the suppyline , a higher low is in the making
which could lead us back to the resistance at 57650 , however it has to tackle the mean
at 57200 first , a breakdwon will result in a decline towards 55600
Signs of strength:
support holds
broken supplyline
Signs Of weakness:
resistance holds
Support:
56750
Resistance:
57200
57650
www.invezted.com
Price stays within its range of support 56750 and resistance at 57650
we currently rejeceted support and broke the suppyline , a higher low is in the making
which could lead us back to the resistance at 57650 , however it has to tackle the mean
at 57200 first , a breakdwon will result in a decline towards 55600
Signs of strength:
support holds
broken supplyline
Signs Of weakness:
resistance holds
Support:
56750
Resistance:
57200
57650
www.invezted.com