2 Different Legs were formed during last night's trading session:
1) Leg 1 of Bull Break, on the SWING Chart &
2) Leg 1 of Bear Break, on the TREND Chart.
As a result, PRICE is now heading back up to challenge Resistance, on both charts...
For the SWING Chart, PRICE is heading back up to challenge last PRIME Resistance at 1554.25 whilst for the TREND Chart, PRICE is still heading up, to complete Leg 1 of Bear Break - No failure in sight, as yet. (Do remember that the TREND Chart is used mainly to determine TREND, when trading the TRADING Chart)
Thursday, June 28, 2007
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