Its a fair point, failure to the downside can be inversely bullish. If we cant go down then many will try some bullish trade. Failure to the upside definitely appears at times and spotting it before the bigger the sell can be useful to say the least.
I'd say weeks more then just days matters, also I drew in 108k but its close enough its the same if you draw with crayons it keeps things simple
So I got 2 points here for this place of possible significance, days complicates and its not as clear a picture. Keep it simple stupid is my preference. So 2 pts of interest to note recently, 5 pts we near to 108k in spring into summer and it was at that time finding a ceiling of resistance and we eventually broke through.
The constant attempts to break up there resolved bullish, we broke the ceiling so here I have to watch we dont do the same in reverse and break downwards. Got to consider the negative remains possible still.
I'd say weeks more then just days matters, also I drew in 108k but its close enough its the same if you draw with crayons it keeps things simple
So I got 2 points here for this place of possible significance, days complicates and its not as clear a picture. Keep it simple stupid is my preference. So 2 pts of interest to note recently, 5 pts we near to 108k in spring into summer and it was at that time finding a ceiling of resistance and we eventually broke through.
The constant attempts to break up there resolved bullish, we broke the ceiling so here I have to watch we dont do the same in reverse and break downwards. Got to consider the negative remains possible still.