Sometimes it's funny that depending on when you draw things you
can get a slightly different interpretation. This view was
drawn much earlier this year and price broke to support shown and
this then would appear to be a retest. In reality, I think we
are really just chopping above support and until it is broken or
left we are still consolidating with no clear direction.
Just interesting to note.
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Same chart. drawn earlier
SSEC Shanghai Index
Posted by johnc on 14th of Jul 2011 at 11:39 am
Sometimes it's funny that depending on when you draw things you can get a slightly different interpretation. This view was drawn much earlier this year and price broke to support shown and this then would appear to be a retest. In reality, I think we are really just chopping above support and until it is broken or left we are still consolidating with no clear direction. Just interesting to note.