Daily Resistance Zone
Here is my Daily Resistance 'Zone'.
Historically the Daily 50 MA has been an excellent calculator of tops / bottoms.
Incidentally this level is also at the same price as t he daily 60 EMA.. which is also a good daily resistance support level.
Where those currently sit we also have some previous recent highs.. which will act as resistance... we also have some trend lines which might.. might not come into play... and we have some previous historical high s on this level also...
Given all this, I would expect it to put up a good fight... so this means we will probably blow right through it.
Historically the Daily 50 MA has been an excellent calculator of tops / bottoms.
Incidentally this level is also at the same price as t he daily 60 EMA.. which is also a good daily resistance support level.
Where those currently sit we also have some previous recent highs.. which will act as resistance... we also have some trend lines which might.. might not come into play... and we have some previous historical high s on this level also...
Given all this, I would expect it to put up a good fight... so this means we will probably blow right through it.
Penafian
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