Thursday 9 December 2010

20101208

Need first to look at big picture of various price range. Price cluttered around zone shown. Which is zone of interest for us.



1. Price open above zone.
2. Moves quickly to 2200 psychological level, price undecided, move between market open an 2200
3. Bulls try push price up and got rejected swiftly. We know that bear is in play.
4. Price now drop down below market open and into zone, test and cant break out.
5. Eventually move to low of zone.