$FIL broke below the 24-hour low: current price 1.0936, previous low 1.1036.
After the breakdown, watch two things:
· Will the previous low of 1.1036 turn from support into resistance (price fails to break through on a rebound)?
· Was there a volume increase during the breakdown? A low-volume break could be a false breakdown.
Which signal would you trust?
#FIL
Just a record of market conditions. Please make your own trading decisions.
After the breakdown, watch two things:
· Will the previous low of 1.1036 turn from support into resistance (price fails to break through on a rebound)?
· Was there a volume increase during the breakdown? A low-volume break could be a false breakdown.
Which signal would you trust?
#FIL
Just a record of market conditions. Please make your own trading decisions.