Bulls monitor blue zone support

Dec 15, 2017

Nice validation of the blue Median Line. The lower end of the blue zone also coincides with a 50% retracement of the previous swing (P2 to P3)

Dec 15, 2017

Note

A break of support < 611 means deeper correction is unfolding & blue zone analysis will be invalidated

Dec 18, 2017

Trade active

Support in the blue zone held. Now monitor support along the lower parallel (or the sliding parallel just below) for new highs.

Dec 20, 2017

Trade closed: stop reached

Stopped out at 817. Deeper correction unfolding now.