I put this one here because it is an interesting sort of battle going on at the moment. The chart data is accurate to 12:30 pm on 3 November.
Basically if QBE closes under the red resistance tyne, it would not be a good thing. It would then have to back test the line and if it did not break back above, next stop would probably be the green support tyne.
If it holds out of the upper channel of the red fork, maybe it has permanently shifted up 1 full channel, rather than the half channel it just occupied.
Still it's always handy to know where to draw the line, and it might make an interesting discussion point next weekend.![]()
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