Context:
Price broke the support of 76930 on high momentum as the downside selling increased we formd a indecision level at 76460 price moved up to the indecision and rejected its mean at 76460 which holds the chance for a setup to take a long , but the overal sentiment is still weak till at least the next supplyline is taken out..
Trading Opportunities:
Long:
Retracement at the mean of 76460
Short:
Retracement at broken support 76930
Breakdown + pullback at 76460
Signs of strength:
Indecision cleared to the upside
mean of indecision got rejected
Signs Of weakness:
brokens support
increased downside momentum
Support:
76460
76300
75600
Resistance:
76580
76930
www.invezted.com
Price broke the support of 76930 on high momentum as the downside selling increased we formd a indecision level at 76460 price moved up to the indecision and rejected its mean at 76460 which holds the chance for a setup to take a long , but the overal sentiment is still weak till at least the next supplyline is taken out..
Trading Opportunities:
Long:
Retracement at the mean of 76460
Short:
Retracement at broken support 76930
Breakdown + pullback at 76460
Signs of strength:
Indecision cleared to the upside
mean of indecision got rejected
Signs Of weakness:
brokens support
increased downside momentum
Support:
76460
76300
75600
Resistance:
76580
76930
www.invezted.com
