- Weekly : There is a peak around 136, but the subsequent price pattern does not resemble any classical reversal. However, there are at least 5 major points of significance circa 132 (3 resistance, 2 support) that together makes this level a Rubicon crossing of sorts. 132-136 = consolidation range; breaking 132 below = new range 128-132 or maybe even uptrend reversal.
- Monthly : Since the Jun12 136 peak, price action has formed a multi-candle (unconventional) evening star ie reversal.
- TY now more interesting than it has been for a long time. Wait for confirmation.
2 comments:
-131-31
Stopped out 132-11. Really should have waited for closing confirmation instead of selling first break.
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