Tuesday, January 19, 2010

Rotary Spinning Top



Two indecisive candlesticks a gravestone doji and a spinning top are testing the pink resistance zone. MACD. RSI and stochastics all showing weakness. A break down from lower blue channel support will iniate fall towards green support zone. Light blue zone is a major support area.

Upward immediate resistance at 1.15 followed by red upper channel boundary. Next is the narrow green channel resistance and a break above 1.20 will challenge the blue upper channel resistance boundary.

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