The window that has been opened on January 12th has been closed on 24th January already. This rise has been retraced on February 2nd. Then we saw a Reversal island. The small candles yesterday and today so far are indicating that we are fighting to build a bottom now.
On top there are no real resistances. The former bottom of January 3rd had been broken on the 12th January already and may be seen as a hurdle but not as a high one.
So if we van consolidate at the present levels there may be room until 124 at least.
On top there are no real resistances. The former bottom of January 3rd had been broken on the 12th January already and may be seen as a hurdle but not as a high one.
So if we van consolidate at the present levels there may be room until 124 at least.
Trade closed: target reached