Low zone range 1 Aug 08

Today, it opened lower into the low zone and stayed in low zone the whole day.

O/S Exhaustion around 3.30pm, near S1, was supporting all day.

MB= power sell around 3pm but recovered. so buying is acceptable at 6pm, when it retested S1 with no power sell.

MI = bearish after 6pm, but not consistently.


Possible trades

Buy on green dots (MACCI OS+)
Sell on red dots (MACCI OB-)

Good range trades with 40pts in each. 1min targets were all reached.