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Medium Term Consolidation Area

June 25, 2018

Hi Traders.


Last week saw a downward move with quite a lot of momentum in the early part of the week, which tapered off to a bit of an up move towards the end of the week. There was quite a lot of indecision towards the end of the week resulting in doji candles.


After a up-turn on Friday, today's opening seems to be strongly in a downward trajectory, still heading for the support zone that we mentioned last week.