Context:
Price remains in its range (118.6/120.4) the current rallie towards resistance happened after price found
suppoert at a former resistance level , the if price will break the demandlines we will see 119.500 tested again any
bullish reaction at this level , should indictae further strenght and yet another attempt to test resistance @120.4
signs of strenght:
support holds
broken resistance turned support
strong rallie (increased momentum)
signs of weakness:
resistance holds
Price remains in its range (118.6/120.4) the current rallie towards resistance happened after price found
suppoert at a former resistance level , the if price will break the demandlines we will see 119.500 tested again any
bullish reaction at this level , should indictae further strenght and yet another attempt to test resistance @120.4
signs of strenght:
support holds
broken resistance turned support
strong rallie (increased momentum)
signs of weakness:
resistance holds