Context:
after price got rejected off the former broken resistance at 21600 , price rallies thru a resistance level of 23450
and is currently heading towards the broken support of 24000 , where one could lookout for a reversal, overal
price should still be considered in a rather weak position,
Trading Opportunities:
Long:
retracement at broken resistance 23450
Short:
reversal at broken support 24000
Signs of strength:
rally from broken resistance which turned support
broken resistance
Signs Of weakness:
downtrend still intact
Support:
23450
22550
21600
Resistance:
24000
24600
www.invezted.com
after price got rejected off the former broken resistance at 21600 , price rallies thru a resistance level of 23450
and is currently heading towards the broken support of 24000 , where one could lookout for a reversal, overal
price should still be considered in a rather weak position,
Trading Opportunities:
Long:
retracement at broken resistance 23450
Short:
reversal at broken support 24000
Signs of strength:
rally from broken resistance which turned support
broken resistance
Signs Of weakness:
downtrend still intact
Support:
23450
22550
21600
Resistance:
24000
24600
www.invezted.com
