Tuesday, December 15, 2009

China XLX Bollinger Bands Hourly Support and Resistance



Price moving between lower and upper hourly Bollinger Bands. As at 4.00 pm the immediate support is the blue mid Bollinger band and violet support area. Rebounce from here will retest green upper Bollinger band and pink resistance zone. If violet support is broken price will drop towards red lower Bollinger band and light blue support zone. Take note of the different colour support and resistance zones.

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