Tuesday, 31 January 2012

31/1/12; FCPO- 3178.

Opened gap down and recorded a new low of 3044 and lower high even though closed off the highs. Chart pattern now forming a new enlarged  'falling wedge'. Market will be sideways to lower if within wedge, bearish if break down, bullish if break up. Support; 3044,3020, 2980. Resist; 3100, 3146, 3190. Range target; 3030-3082.
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2 comments:

  1. Anonymous31 January 2012 at 20:09

    since within range and falling wedge: SHort at upper wedge and long at lower wedge. Cut loss if candle close beyond the wedge channel...?
    -LAU-

    ReplyDelete
  2. chinoni48011 February 2012 at 07:48

    Right...

    ReplyDelete

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