cba daily/weekly chart, page-11

Hi BDV, Yes I always check the weekly charts and whet I see atm is a strong uptrend with HH's and HL's for the past 5 weeks but this week has so far made an equal low and a lower high which is an inside bar so could be the end of the uptrend for now with a minor pullback and then back up. I see resistance at $54 and $60. If we can end the week with a close above $54 on good volume then chances are we could see a test of $60 again then maybe a retracement back to $54. Old resistance being new support.
I might be a begginer but what I have learned over all the years I have been studying charts is there is so many ways to read a chart. You can basically get a variety of scenario's from the same chart so there is no right or wrong. The most important part of being a profitable trader is money management.
Let's hope tomorrow is another up day so as I can lock in some profit:)
Cheers, Crimpy