Learning from last Week: (click here for the previous post)
Patterns:
The Index stops at the Middle Tyne of the Daily Fork for some consolidation #Dailychart.
Support & Resistance:
Support was around the daily 5 EMA and Resistance was at the middle Tyne of the Day fork #Dailychart.
Moving Averages:
The critical EMA5, is bullishly above the MA13, on all three charts above.
Indicators:
The RSI near the oversold #WeekChart.Wrap:
Index consolidates with a long Doji #Weeklychart.
Looking forward into this Week:
Patterns:
Long Doji (Google 'Doji candlestick') on the Medium Term Screen indicates consolidation and indecision #WeeklyChart.
Support & Resistance:
Middle Tyne of the Week Fork, is now support and the Top Tyne of the Month Fork is again resistance.
Moving Averages:
5 EMA on the Day chart, is the mark, that the Bear want to get below, again this week #DailyChart.
Indicators:
STS stays in the over sold #DayChart.
Wrap:
Bears want to use the weekly Doji and the mid fork resistance on the Daily Chart, for a reversal #Dailychart.
Bulls look to touch the Long term Channel top and a make a new ATH (2292) #MonthChart.
