Quote from: windjc on June 16, 2015, 09:47:38 PM

Quote from: masterluc on June 16, 2015, 09:39:30 PM

Quote from: realdos on June 16, 2015, 06:21:49 PM

Quote from: masterluc on June 16, 2015, 04:40:19 PM

So here is another field full of resistances - fighting for breakout.

If the breakout of log downtrend is confirmed, could it become one possible scenario that the price reach the upper weekly BB and back to weekly sma20 for a long silence period?

Weekly bands are tiny and flat enough for price to expand them (in either way). They are neither falling or rising - they are flat.

Falling upper band usually very strong resistance (or rising bottom band is support) for price and it bounces back to sma20. It was those days, but today's picture is different.

It doesn't mean band is not resistance at all. It is more ready to expand than earlier.

The undertones here sound bullish.

Indeed, the rumblings are indicating something quite special is in the mix. I don't know about you guys but I sure am set up quite nicely atm. Good times ahead for a change.