weekend charting, page-48

burger1 (HFA),

welcome to the evening shift,

First a few years worth of weeklies, with a lot of long term forks, each from Low/high/low, culminating in that nasty looking yellow fork. The good news is that the yellow fork resistance tine is broken. The bad news is that that blue fork looks like it describes price pretty well, and it is facing downwards.



On to the daily,
I have circled the gap through the yellow resistance tine, very pretty move that. Short term though the green fork seems to be the go. Notice the zoom bars as it came down off that peak, now it has reversed and is testing the ML from below. Also notice how the green support tine parallels the red one.

So, to me it looks like we have demonstrated that we can bust the green ML, and we have not demonstrated that we can get back above it. Doesn't look too good does it?

all the best.