continuation episode frm the previous 2600-2660 consolidation

as you can see, the price has slided frm the consolidation of 2600-2660 to get lower to the current 2316 - 2400...
YES, we are in yet another consolidation level again...Guest what?
YUP, IF the price moves higher than 2400,THEN consider long position...
If the price breaks lower than 2316, THEN consider short position...

this is hourly chart...so you might want to go to the lower timeframe to get a better look...


WARNING : this is definitely not a hint of buying or selling, this is my trading journal...
breakoutChart PatternsconsolidationTechnical IndicatorsTrend Analysis

Also on:

Related publications

Disclaimer