Weekly Chart:
It is still considered a bullish candle, but the range of price movement could not compare to the previous two weeks. The price was approaching the blue long-term neck line from Dec 2011. The market was trying to tell me that be careful at this point.
Daily Chart:
Friday closed with a bearish candle. For me, it acted as a confirmation candle for reversal patter.
Watch out:
1. The blue long-term neck line from Dec 2011 act as a strong resistance.
2. Strong resistance around @ 60
3. Broken the down-trend channel since June 2014 without retesting it.
Action:
Be patient!
Stand aside this week to find the good opportunity in the next few weeks. I am doing nothing this week. Just wait and see the reaction from the market.
Expectation:
1. Strong demand zone waiting around @ 48-50.7
2. Really strong support around @ 47
It is still considered a bullish candle, but the range of price movement could not compare to the previous two weeks. The price was approaching the blue long-term neck line from Dec 2011. The market was trying to tell me that be careful at this point.
Daily Chart:
Friday closed with a bearish candle. For me, it acted as a confirmation candle for reversal patter.
Watch out:
1. The blue long-term neck line from Dec 2011 act as a strong resistance.
2. Strong resistance around @ 60
3. Broken the down-trend channel since June 2014 without retesting it.
Action:
Be patient!
Stand aside this week to find the good opportunity in the next few weeks. I am doing nothing this week. Just wait and see the reaction from the market.
Expectation:
1. Strong demand zone waiting around @ 48-50.7
2. Really strong support around @ 47
Nota
As I mentioned in my previous analysis. We right now can see that the price reacted exactly with strong resistance. 
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.