Berkshire Hathway - Holding the Line
A Strong Resistance (in 4 Hour Time Frame) at 210 levels in Berkshire Hathway doesn't seem to discourage the Buying Activity. The price still Strongly holds the line at around 207.50 level.
Although the candles suggest selling pressure, a strong selling is yet to arrive. This reaction could be for the 210 (Round Number) level.
What we see at this level is more of a consolidation, than selling - and when price consolidates at Resistance, it implies the possibility of Trend continuation. So, unless the price breaks down below the 207.50 level, we could assume that the trend would continue.
Although the candles suggest selling pressure, a strong selling is yet to arrive. This reaction could be for the 210 (Round Number) level.
What we see at this level is more of a consolidation, than selling - and when price consolidates at Resistance, it implies the possibility of Trend continuation. So, unless the price breaks down below the 207.50 level, we could assume that the trend would continue.
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