WE ARE IN THE ZONE

As indicated in the title of the post, we are in the zone.

Price, right now, in is a very important area, the minimum marked in August.

Was rejected in that area with many purchases that made it rise then; a month later, in September, was again rejected at that price, this time with less pressure supply (less volume was necessary to stop the price falls and did that the price went upward).

But the price went up the next few days with low volume (low pressure buyer); happening then the logical and is that more sooner than later the price was falling again.

Now we are back in this area which has already been rejected twice at a time it seems that selling pressure is very strong; the next few days will be the moment of truth, here decides everything.

We have two possibilities:

a)from here the next few days will begin a bullish rebound, who knows if looking for the 10700,

b)or break, at the third attempt, these minimums, that would mean losing a support rather than important and the consequent fall in prices much lower than today are.

Next days will be decisive for equities, these last two days have left many professional volume; time will tell us if it was enough to stop the price and make the stock market rise or on contrary the selling pressure is so strong that it is impossible to stop the bleeding.

Thank you for reading and good trading.