JeepsonTrading

JeepsonTrading

October 4 2014 The Major Resistance zone (109 - 111) is being tested, the bullish candle from September came to a stop just under the Major Resistance zone. Keep an eye to see whether October candle continues to rise before bringing the bears to push price back towards the Major Support zone (100 - 101)

JeepsonTrading

September 28 Timeframe: 4 Hour Trend: Down since September 10th 2014 Retracement: Yes since September 5th 2014 Notes: Price has closed above Minor Support, retracement now expected. Setting up a trade.

JeepsonTrading

September 28 Timeframe: Day Trend: Up since July 2014 Retracement: No September 2014 Notes: Price could be turning around, has tested Minor Resistance twice now making it Strong Resistance

JeepsonTrading

September 28 Timeframe: Month Trend: Down since September 1998 Retracement: Yes since February 2012 Notes: Downtrend with good retracement pattern, price point hitting a Minor Resistance zone, keep an eye on Day and Week charts for indications of snapping back to the downtrend.

JeepsonTrading

Had positive confirmation that Minor Resistance has held - now Strong Resistance.