1/ Support @ 16.6
2/ Breakout of descending resistance (but wait for a confirmation on D1)
3/ Invalidation level below resistance at 15.5
4/ R:R = 3:1 approx
VSA analysis: 2nd successul retest of 16.6 with. Bounced on lower volume. Sales pressure has decreased so far.
More likely that swing low is pretty close to an end.
2/ Breakout of descending resistance (but wait for a confirmation on D1)
3/ Invalidation level below resistance at 15.5
4/ R:R = 3:1 approx
VSA analysis: 2nd successul retest of 16.6 with. Bounced on lower volume. Sales pressure has decreased so far.
More likely that swing low is pretty close to an end.
