ALWAYS BET ON BLACK - Update 9

CONSOLIDATION IN PROGRESS . Testing 27K 30K 40K SUPPORT

With this downward slide we enter a deeper consolidation process to re-test our previous supports.

The downtrend should stabilize around 40K = (53K + 27K)/2 = 40K

In the long term chart shows we are still trying to establish a new uptrend to be tested in the next two days.

The current buyer vs seller in the order book shows a strong buyer position followed by a weak seller position:

The next stop 40K :)

We are in a very important process of consolidation which should lead to the next leg up.. If this fail to break resistance we may remain in consolidation for a longer period of time.

Buy-Black

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April 22, 2014 by Comments are off 3199 viewson Technical Analysis by buy-black