Context:
the strong rallie brought us to the 50% level of the previous downmove
we whitnes some minor pause near this level , but for now we have a lil sideways action
with a double top @5800 and a supportish level @5700 a former resiatnec level ,
as we can see we had several minor pauses in this rallie , will another push higher take us
into new high ground and turn this market once for all into a strong one ?
or will we stay in a small range for the time beeing ? anyhow you got to be prepared ;)
signs of strenght:
uptrend
resistance turns support
signs of weakness:
broken demandline
double top
the strong rallie brought us to the 50% level of the previous downmove
we whitnes some minor pause near this level , but for now we have a lil sideways action
with a double top @5800 and a supportish level @5700 a former resiatnec level ,
as we can see we had several minor pauses in this rallie , will another push higher take us
into new high ground and turn this market once for all into a strong one ?
or will we stay in a small range for the time beeing ? anyhow you got to be prepared ;)
signs of strenght:
uptrend
resistance turns support
signs of weakness:
broken demandline
double top