Support :96.51 Resistance : 105.14 The market is ranging at the moment , we are observing the volumes because at the end of the day BAIDU is always dynamic. If the candlestick formation is confirmed to be a pullback , thanks to the volumes, it will announce a coming increasing trend . If the market strongly breaks the support line or the...
We can see that there is a clear range illustrated by the market . The top and bottom blue lines are the new support and resistance. We have two clear reasons to see that the possibilities for the market going bullish increasing significantly : -The formation of the candlesticks on the support line, taping the line to rebound . -Combined with the strong...
The market was going down for a while now, with few pullbacks on the supporting blue line . When volumes increased we noticed a strong break of the support . A powerful move not giving anymore room for a short entry. Market gave us a signal of return to the support line which is now a resistance line. Line that have seen some past pullbacks, therefore,...