[1.34] Breakout or Upthrust?

Nov 22, 2015

The dashed lines show longer term levels. We saw the price has gone above the range. This trial may continue until the red line, which is also Fib .5 level. The price action in the following days is of great significance. A quick action reversing back to the blue line would indicate further downward movement, whereas a price action consistent above the latest median line would trigger a buy signal.