bbmac
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'key Resistance'
Unlucky on the B/o again....just failed to get the 20pips?
Mni were describing the 6235/42 area as ' key resistance ' earlier, and if you look at the 4hr chart you can see it is a previous 4hr swing hi x3=previous resistance=potential resistance zone that is co-exisstant on the Daily t/f as a prev swing hi also (and obviously the 1hr) Also there is the 200sma on 4hr and not shown is the 23.6% fib of the main 6876-5830 fall.
The 1hr t/f below shows how price puulled back from that potential res zone descibed above and found support at the prev 1hr/4hr swing hi=prev res=potential rbs zone co-existant with 23.6% of latest swing up on 1hr 6061-6232
Unlucky on the B/o again....just failed to get the 20pips?
Mni were describing the 6235/42 area as ' key resistance ' earlier, and if you look at the 4hr chart you can see it is a previous 4hr swing hi x3=previous resistance=potential resistance zone that is co-exisstant on the Daily t/f as a prev swing hi also (and obviously the 1hr) Also there is the 200sma on 4hr and not shown is the 23.6% fib of the main 6876-5830 fall.
![devi85.jpg](/proxy.php?image=http%3A%2F%2Fi49.tinypic.com%2Fdevi85.jpg&hash=1224e2b96935f482a731f7bb787622ca)
The 1hr t/f below shows how price puulled back from that potential res zone descibed above and found support at the prev 1hr/4hr swing hi=prev res=potential rbs zone co-existant with 23.6% of latest swing up on 1hr 6061-6232
![2uj1tsh.jpg](/proxy.php?image=http%3A%2F%2Fi50.tinypic.com%2F2uj1tsh.jpg&hash=c1ded3b3e6e27fed7b3c55f42fb79779)