30.12.13 - Daily Chart
Would await for a buy signal near the uptrendline.
If the trendline is broken, would look at Support line 1 for a buy signal, but if daily bar closes below SL1, it can be seen as a short term bearish signal.
Support line 2 may be broken if visited since lots of Stop orders could be placed there.
Would await for a buy signal near the uptrendline.
If the trendline is broken, would look at Support line 1 for a buy signal, but if daily bar closes below SL1, it can be seen as a short term bearish signal.
Support line 2 may be broken if visited since lots of Stop orders could be placed there.