[ranj]

Agree as well, also notice the peak in March, has been acting as support. Every bar that goes above or below that level tends to be a wide range bar.

[brownsfan019]

James,
Here's what I see:




The candle in question is more an inverted hammer than spinning top in my opinion. That of course is a BEARISH undertone.

I do not see a support level right here. I would like to see a test of the 17.50-17.00 area to consider a long.

Note - 2 candles ago you could have taken an aggressive short based on the previous level that held.

[walterw]

Originally Posted by brownsfan019 »

James,
Here's what I see:




The candle in question is more an inverted hammer than spinning top in my opinion. That of course is a BEARISH undertone.

I do not see a support level right here. I would like to see a test of the 17.50-17.00 area to consider a long.

Note - 2 candles ago you could have taken an aggressive short based on the previous level that held.

That will certainly be a Religious Setup Brown ¡¡¡ jejejej... take care... cheers Walter.