By Claus Andersen
7. Oktober 2019
When trading range go on to long. The probability for a breakout in the trend direction goes down to around 50:50.
As I mentioned in the spring, I think price will fluctuate above and below 12.000. That will not go on forever, but price just took a dip below last week again.
Last week I wrote:
“The support and resistance has been adjusted on this 15 min timeframe as price moves higher. The 12.500 area could be a magnet for price in this week.”
Price made it to 12.498 on my chart. Then turned down to the other magnet that was 12.000. Nice and predictable.
Once again I adjusted the support and resistance on the chart.
Have a nice trading week.