This is my first analysis. Please excuse me when I'm using wrong terms. I have observed the whole market quite some time and since the deep dip in March I'm investing some play money.
Currently it looks like that we are testing either a bottom line which formed during the last days before we go up again (green drawing). Or if we break that its rather one level down, the bottom of the last month (red drawing).
Only my two cents which can be 100% wrong. Nobody should listen to me.
Currently it looks like that we are testing either a bottom line which formed during the last days before we go up again (green drawing). Or if we break that its rather one level down, the bottom of the last month (red drawing).
Only my two cents which can be 100% wrong. Nobody should listen to me.