RSI still going up.
Two short positions placed at .618 and .764 from last down movement.
Probably only .618 will work as last leg down touch it (Jan 2015) and bounce making it a good area for support/resistance.
.764 placed just because it may get there purely by stop hunters as so many are already short and a small support/resistance formed during the retracement of last leg down.
Target just below 1:1 on an area where there was massive consolidation from June 2002 to December 2002
Two short positions placed at .618 and .764 from last down movement.
Probably only .618 will work as last leg down touch it (Jan 2015) and bounce making it a good area for support/resistance.
.764 placed just because it may get there purely by stop hunters as so many are already short and a small support/resistance formed during the retracement of last leg down.
Target just below 1:1 on an area where there was massive consolidation from June 2002 to December 2002
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.