Chronology of Events
18th Dec 2009
Rebound from lower green channel support
21st Dec 2009 to 23rd Dec 2009
Confined inside the green channel
24th Dec 2009
Breakout above green channel resistance zone
28th Dec 2009 to 4th Jan 2010
Trapped inside lavender resistance zone and blocked by mid Bolinger Band resistance
5th Jan 2010
Breakout above lavender resistance zone. Immediate resistance is at 42.5 cents 61.8% Fibonacci Retracement. Next resistance is the upper red dotted channel boundary followed by the upper Bollinger band resistance and the orange channel. Immediate support is the lavender resistance turned support zone.
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