We're in a clear downward trend, yes. But as we are near the alltime low as well we may consider a trend change, perhaps. Te pitchfork is swinging up nd its median line may serve as a support.
I see todays downmove as a test of the downside that will be followed of the attempt to pressure towards the MA 200. This may take some time but this is how markets move. If the WMA 100 will not be undercutthe we will see the MA 200 as a target.
I see todays downmove as a test of the downside that will be followed of the attempt to pressure towards the MA 200. This may take some time but this is how markets move. If the WMA 100 will not be undercutthe we will see the MA 200 as a target.
