(D) Large trading range of 100 handles since mid October.
Recently the trading range has narrowed between (700,750) with some resistance from 750 (or P pivot). Since then EMA50 has been nearly flat slope; hence sideways. Also, the difference of EMA50 and EMA200 has been decreasing with EMA50's slope marginally bearish.
If bearish momentum continues, a support retest of 700 is in range. Should 700 fail and OBV fails to hold it's EMA50(OBV), then 680 and 650 are not far below. Obey your rules.
If bearish momentum continues, a support retest of 700 is in range. Should 700 fail and OBV fails to hold it's EMA50(OBV), then 680 and 650 are not far below. Obey your rules.
