Resistance will become future support and vice versa.
In order to have 2 or more safe consecutive trades on the same line there has to be a pullback of about the same size (or more) as the initial dip.
I threw in a projected area where I think we'll be ranging soon also, we'll see.
Trade smart & make some money!
In order to have 2 or more safe consecutive trades on the same line there has to be a pullback of about the same size (or more) as the initial dip.
I threw in a projected area where I think we'll be ranging soon also, we'll see.
Trade smart & make some money!
Comment:
Another line can be drawn at $8600
Trade active:
Clear buy signal after it broke the $9900 level and dipped to $970.
Projected consolidation zone at $11000 is acting as resistance for now.
Projected consolidation zone at $11000 is acting as resistance for now.