Trader's Logbook

CMT‘s decline today is very small which may be considered just a test of its support after the breakout. Still above the 23.6% Fibonacci Retracement level but this may also go down following the falling wedge formation it is currently making. Today we have found help from JP MORGAN who is the top buyer at an average of 2.50. Let us see tomorrow if the resistance from the slope is strong. Be cautious as the power of Hanging Man seems to regain strength.

Caveat!