9 AUG 13, Friday 11:30 AM
WEEKLY TREND : UP (cautious price near resistance zone)
DAILY TREND : UP
The trend of the weekly chart and daily chart is clearly up and price is near the resistance zone. Even though the price is near the resistance zone price haven't given any bearish signals. Till the bearish signal and when the price enter the resistance zone we change our view to short term down trend, till we assume trend is up.
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