Short Term Trading Week Starting: 6 Feb, page-207

  1. 4,136 Posts.
    @Pancakes, IAM fork chart. Price has had a tendency to respect the yellow fork's levels for S&R and price now trending within current yellow channel for all of 2017. Price put in a nice hammer today with an uptick in volume so could be seen as a final search for supply. Red fork has provided mini S&R levels of late and price butted up against that lower red tyne the past two days. The retraces have coincided with the blue fork lines of late. Price may drift until it touches the lower white tyne before a decent bounce IMO.

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