200 EMA and Horizontal Resistance

19 thg 10, 2014

Waiting here to see what happens at this point. 189x area has become a strong resistance point. The most recent candle is still inside the prior bearish candles from 10/13 and 10/15, a break through the resistance and close above the 10/13 candle begin to look long, a close below the 10/15 candle look short. In the meantime just wait. Volume has also been weaker on the bullish candles keeps that in mind.