Context:
price brokedown through the support of 76930 on increasing momentum and price currently heads towards the key
support level of 75600 and there is still enough room to the left, that we might see that level tested rather sooner then later, there has to be a significant sign of strenght returning to the markets in order to repell the selling, in the mean time give price the time and room to move to the extremes ,
Signs of strength:
none
Signs Of weakness:
broken support
increased downside momentum
Support:
76000
Resistance:
76930
www.invezted.com
price brokedown through the support of 76930 on increasing momentum and price currently heads towards the key
support level of 75600 and there is still enough room to the left, that we might see that level tested rather sooner then later, there has to be a significant sign of strenght returning to the markets in order to repell the selling, in the mean time give price the time and room to move to the extremes ,
Signs of strength:
none
Signs Of weakness:
broken support
increased downside momentum
Support:
76000
Resistance:
76930
www.invezted.com
