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Learning from last Week: (click here for the previous post)
Index takes off from Support at the Tenkan Sen (Blue) to resistance at the 113% of the Last Minor High Low (as above).
New All Time High made.
Wrap:
Bulls after making a Higher Low, make a Higher High.
Looking forward into this Week:
Bears seek to hold the 113% to get back in the game.
Bulls after taking off from the Tenkan Sen, have momentum to spare.
Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears need to make the next Low, a lower low, defending 113% Fibo is first.
Learning from last Week: (click here for the previous post)
Index takes off from Support at the Tenkan Sen (Blue) to resistance at the 113% of the Last Minor High Low (as above).
Wrap:
Bulls after making a Higher Low, make a Higher High.
Looking forward into this Week:
Bears seek to hold the 113% to get back in the game.
Index Support and Resistance possibilities are marked as above.
Wrap:
Bulls look to make new ATHs, staying above current support at the Tenkan Sen (blue line).
Bears need to make the next Low, a lower low, defending 113% Fibo is first.
