According to BOB daily technical chart, we find that an open and close bang in the middle of the candle’s range.after the the failed attempt higher had equal price attributes to the selling to the lows that also proved to be unsuccessful. This can be classed as the ultimate in indecision. There was an almost total balance between buyers and sellers. Obviously if you see this sort of thing at an extreme high or an extreme low there may be a change afoot. BOB traders/investors are warned to initiate fresh buying positions only above 414.70. Thanks EU
Posted on: Mon, 11 Nov 2013 10:13:49 +0000
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