by, 19th-June-2009 at 04:47 PM (754 Views)
Here's how I see it. 3 arrows pointing at 3 sets of red candle showing the "pattern" of selling.
Arrow 1 shows there were two strong red candles due to hard selling.
Arrow 2 shows a very strong red candle indicating there was a strong selling day but the magnitude was declining as shown by the higher low.
Arrow 3 shows the selling has receded with 2 very weak red candles.
Possibly a break out of the 81.50 resistance but the real resistance is actually 82.50, that is where we will find out what is the real strength of the US$.