TEF consolidates around a good buying point. Swing ends at 20.90, stop loss around 13.90$ . I would like to see some strong volume in order to enter long, It seems to me that 15.20 will be retested. See chart for further comments
Next bar gapped up, long, watch how the price behaves at the next resistance
Next bar opened with gap up at high volume. Long. Watch how the price will behave at next resistance
Nice shakeout 8/15/13, long towards resistance zone