The way i see things (purely my opinion only), technically it makes sense to me why there has been a rejection late last week of the recent rise up.
You may be asking - what is in the way for resistance levels? Well,
- September low (red horizontal line)
- November high (red horizontal line)
- 50% Fib from recent low/high in the way
It is quite possible we may see some weakness next week - based on my review.
Green line = 500 day
Black line = 100 day
Yellow Line = 200 day
Red Line = 55 day
I only use one indicator being the slow indicator.
Kind regards and no dramas,
Updated Feb 2019