Rebound from lavender support belt is now battling triple resistance formed by
1. Upper red channel resistance boundary
2. 100 EMA
3. Green resistance band
Strong buying in the afternoon must be able to absorb the profit taking for a successful breakout above this triple resistance to challenge the pink resistance zone.
If the Bears take control expect a pullback to test the following probable supports
1. Orange support belt
2. Lower red channel support boundary
3. Light blue support zone
4. Major lavender support base
Stay alert and be nimble.
