Definitely need to see support confirmed
.05 would be great
.047 would be fine
.045 would be OK
below that would be a lower low.
I do see .071 as a higher High
and the move down from there so far. Just a large correction
Forming a large APEX. ( your triangular Wedge is a part ).
Would be looking for the definitive trend to reveal itself
If support is confirmed .. I would be looking for an UPTREND and would think you would not want to let the move get away.
***But Definitely need to see support confirmed.***
Maybe tomorrow is IT
unless the price narrows even more and volume and activity really subsides. Which would just wind the spring even tighter.
Motorway
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- trades 3/12 to 8/12/2011
Definitely need to see support confirmed.05 would be great.047...
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