ANALYSIS FOR THE WEEK COMMENCING 21/09/2015
Neutral for now.
Things to consider bullish entries:
Bullish Weekly engulfing candle may still be of some relevance.
Price breakout from the TL
Things to consider for bearish entries:
Price rejection
Failure to break pass past resistance levels
Pullbacks and retest of prior levels due to the TL break to the upside.
Conclusion : Wait for price action and more confluences.
Things to consider bullish entries:
Bullish Weekly engulfing candle may still be of some relevance.
Price breakout from the TL
Things to consider for bearish entries:
Price rejection
Failure to break pass past resistance levels
Pullbacks and retest of prior levels due to the TL break to the upside.
Conclusion : Wait for price action and more confluences.
