23 Feb 2010
Trend: Short-Term down trend on (daily chart). However, long term uptrend still intact (weekly chart)
Weekly Chart
Supported by Fibo 38.2% and Trend channel support(optional)
Stochastic in oversold region
Daily Chart
On a closer look, it has established a short term down trend.
On a closer look, it has established a short term down trend.
My take is:
Wait for a higher high and higher low to formed first before entering.
Wait for a higher high and higher low to formed first before entering.
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