Price move back above zone before testing top of zone with increase volume, it failed to penetrate the zone and have no follow through as indicate by lack of interest (volume).
Thursday 13 January 2011
Deep Retrace during market open
Price drop sharply during market open with heavy volume. Down to mid of zone, price hover around top of zone without good signal for entry.
Price move back above zone before testing top of zone with increase volume, it failed to penetrate the zone and have no follow through as indicate by lack of interest (volume).
Price move back above zone before testing top of zone with increase volume, it failed to penetrate the zone and have no follow through as indicate by lack of interest (volume).
