Context:
After the strong rallie attempt we failed to takeout the recent high on a 2nd attempt (0.8070) and formed a lower high
price then retraced somewhat back to the broken resistance , which now holds some minor support, as we formed
a higher low, we nolw have evidence of indecision at hands, and the future course of the market will be decided on
how that indecision will resolve itself.. breakout to the upside or downside ?
signs of strenght:
strong rallie
broken resistance
resistance tunred support
signs of weakness:
Lower high
Indecision
After the strong rallie attempt we failed to takeout the recent high on a 2nd attempt (0.8070) and formed a lower high
price then retraced somewhat back to the broken resistance , which now holds some minor support, as we formed
a higher low, we nolw have evidence of indecision at hands, and the future course of the market will be decided on
how that indecision will resolve itself.. breakout to the upside or downside ?
signs of strenght:
strong rallie
broken resistance
resistance tunred support
signs of weakness:
Lower high
Indecision