Review of 23 July 2013 Outlook
I suggested holding out until a breakthrough or reversal at top or bottom of this range with expectation the action would be more likely the top. As you see below in today’s forecast there was a reversal at the top around the previous point of resistance.
Forecast for 24 July 2013 Outlook
Advice is to sell (now) in this trend that you would have already entered if you had followed yesterday’s forecast. Keep an eye on the trading volumes which will indicate the level of momentum in the trend. Remember to consider the number of contiguous bars and their size when assessing trade volume as an indicator of momentum.