1. Old resistance became new support for now.
2. not out of the woods yet as the channel is not breached.
3. upper channel resistance and this new support are now forming a descending wedge.
2. not out of the woods yet as the channel is not breached.
3. upper channel resistance and this new support are now forming a descending wedge.
Trade active:
Sold around 505. Re buy at break point or support
Comment:
Entries stacked just in case we get a reaction off the line.