It made a nice consolidation above the S1.
The probable exit is at the arrow above before reaching the previous close.
Through price actions, it starts to lose its strength from that area.
Shown is the 5-min. chart.
Thursday, July 26, 2012
Wednesday's Market Trade
The market drops in the open and made a nice reversal at noontime opening for long entry trade above the S1.
It made a nice consolidation above the S1.
The probable exit is at the arrow above before reaching the previous close.
Through price actions, it starts to lose its strength from that area.
Shown is the 5-min. chart.
It made a nice consolidation above the S1.
The probable exit is at the arrow above before reaching the previous close.
Through price actions, it starts to lose its strength from that area.
Shown is the 5-min. chart.
