Context:
after price broke the resistance at 23450 price rallied to the broken support at 24000 wher price
formed a small range , if we break this small range to the downside and price rejects the broken resistance
we can speak of a sign of strenght ,
Trading Opportunities:
Long:
Retracement of demandline + broken resistance at 23450
breakout of broken support at 24000
short:
Reversal at broken support 24000
Signs of strength:
upchannel
buying pressure
broken resistance
Signs Of weakness:
rejection of broken support
Support:
23450
22760
Resistance:
24000
24600
www.invezted.com
after price broke the resistance at 23450 price rallied to the broken support at 24000 wher price
formed a small range , if we break this small range to the downside and price rejects the broken resistance
we can speak of a sign of strenght ,
Trading Opportunities:
Long:
Retracement of demandline + broken resistance at 23450
breakout of broken support at 24000
short:
Reversal at broken support 24000
Signs of strength:
upchannel
buying pressure
broken resistance
Signs Of weakness:
rejection of broken support
Support:
23450
22760
Resistance:
24000
24600
www.invezted.com