Thursday, July 23, 2009

Range Bound???

The Last 4 months has seen sideways action within a clear range that has yet to be broken to the upside or downside.

The current price action is at the top of the range and is at a critical point, does it go through the range or does it fall to the bottom of the range.

once again; i'm favouring the downside but the 'inverse head & shoulders' pattern is a very very strong possibility (L-T pattern vs. S-T pattern)

Photobucket

safe trading

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