PB, thx mate, your doing a great job this weekend (although as always), despite having visitors - I hope they're not getting neglected? :-)
Re TLS, I drew the S & R lines on the daily slightly differently to you for the consolidation period of the last 6 months, to incorporate the March 19th 2009 low, and ended up with what looks like a falling wedge pattern at the end of that downtrend originating out of early 2008:
I also picked up the March 2nd 2010 low @ 2.88 and May 25th 2010 close @ 2.89 as a possible double-bottom.
Taken together, the falling wedge and the double bottom provide a positive bias imo. Of course, it'll need to see a breakout of that wedge to confirm if thats right.
Cheers, Sharks.
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