chart.radge gadge, page-5

Hard to say about the current support holding there are not a lot of buyers showing at 160 that I reckon has critical TA importance atm
but as macrae puts it there has also been no follow through of sellers.. 5.5c gap up in the depth and just the off screen drip drip...This really has a history of volatile price ranging and TA has certainly not been that accurate
In these cases its better to wait for confirmation and a smoothing out of trend changes, to offer more certainty..
or only take part positions increasing as you go..
good luck..