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09/12/16

06:38

Post #: 21215933
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Originally posted by Diesel... ↑

Just purely looking at your weekly chart the last bar could also be a no demand for higher prices bar (ATM) as the week is unfinished

The bar before shows it was bought up on volume but supply also came in to close mid bar and dampen people's spirits which could send it to a support line (to suck up supply from weak hands who give up)

From the July ultra large volume it has been forming higher highs higher lows ...so I would be drawing a diagonal channel under the lows from that ultra large volume bar

@Jako64 ...you are a gentleman and a legend always willing to help out !

Happy trading all

Diesel...

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Only just realised what you meant re week not finished, sorry I quoted the test as a daily to be confirmed yesterday, lol, forgot I was on a weekly chart, yes should have waited till close of week, thanks
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