Cookie Policy

Chartsview Blog

The Latest Blogs from Chartsview

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login

BLVN daily 31/05/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 2831
  • Subscribe to this entry
  • Print
Yesterday's inside bar doji has been succeeded by a bearish engulfing candle today which suggests that this attempt at a rally from the trendline at 67.75p is unlikely to continue.

The failure to hold above the 73.5p breakout level, then a series of insides bars and/or lower highs preceeded the above and were all clues to the failure of this rally (yes, easy with hindsight, but that 73.5p level really should have held on a close of day basis for a proper breakout).

Supports to look to now are the trendline at 68.25p but that's already been tested once so it's been weakened (there could still be a hammer which closes above it and that might be enough to continue up) and the important 63p level.
Trackback URL for this blog entry.


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Sunday, 22 May 2022