it's unusual not to see an upside repsonse (at least a response - if not a sustained upside follow thru) at potential rbs = a previous minor daily / 4hr/1hr x 3 swing hi zone (ie previous resistance becomes support) and in this case it had the confluece of the other 2 x factors as detailed in post above. The 1hr previous swing hi x 3 zone and fib is shown below. Buy the dip participants very often wait at these areas.
How strong are the bulls ? upside move has hit some supply - intraday remains mixed-bearish at the moment.
G/L
http://i45.tinypic.com/rhlvo4.jpg
How strong are the bulls ? upside move has hit some supply - intraday remains mixed-bearish at the moment.
G/L
http://i45.tinypic.com/rhlvo4.jpg
ex member