Here was the chart of yesterday :
Here is the current chart :
I really love the use of support and resistance lines in trading. Even lot of people are saying than all these lines are just nothing and that technical analysts are not oracle are so wrong. For sure all these technics don't provide you the direction of the next move at 100%. However, it is helping you very much in your decisions or at least help you to increase your probabilities to be in gain.
Here we can see clearly that we broke the support line and that the market is staying around it, hesitating to create new lows under that line. A real bounce from the current point is really a possibility if we are not able to go lower during the coming hours.
I wish you massive profits,
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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