This level highlighted by Jocelyn was again active last night. The long thrust below is firmly rejected. The resulting candle is not quite a hammer or a doji, perhaps a morning star is the best description overall. In any case this suggests the support is still strong in this area. Enter above, stop below. Some do wait for a further confirmation candle before trading such a pattern. Worth thinking ahead now to the bigger picture if we were to get yet another challenge at this area. We have been stuck in a tight range for more than a week. We have some lower high behaviour developing. At the very least we need to be a little more prepared for this level to give way perhaps giving us a short entry following a failed challenge from below. Such an approach should sound somewhat familiar to regular thread followers
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