Showing posts with label Sinotel 100616 945am. Show all posts
Showing posts with label Sinotel 100616 945am. Show all posts

Tuesday, June 15, 2010

Sinotel Testing Gap Resistance

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Testing of light blue gap resistance in progress. A successful breakout above this gap resistance will challenge the following potential resistances

1. Green upper channel resistance boundary
2. Pink resistance belt
3. Ichimoku Kumo Storm Cloud
4. Upper red channel dual resistance zone


Any pullback will probably retest the following support zones

1. Green support band
2. Lower green channel support
3. Milestone at 30
4. Lower red channel dual support zone

Stay alert and be nimble as market continues to roller coaster.