Just as a thought: Few charts, Weekly, Hourly and daily. Weekly:...

Just as a thought: Few charts, Weekly, Hourly and daily.


Weekly: Shows its sitting just above the past resistance/support level (should be 5.2c but my drawing skills suck)


Daily Chart, shows what I said beow, needs to make a higher high or lower low soon!, if it breaks 5.2c it will show a lot of weakness. Technically the pattern is already too deep for a traditional C&H (which sticks to the 61.8% fib level) however this doesn't mean much as patterns are rarely 'textbook'



Hourly showing a small weakness on close yesterday. Could be a bad sign however the candle itself looks positive as the tail shows there was some buying support. Volume on this candle isn't convincing though.



regards,

Nih