D1 : A rising wedge formation is in progress. After the "doji" seen on Saturday, yesterday's price triggered a black candle (bearish), which, nevertheless managed : 1) to hold above the Mid Bollinger Band on a closing basis 2) to close roughly at the top clouds support area 3) to stay inside the rising wedge All those "ingredients" gave some support which is triggering today, a recovery attempt to breakout the former high @ 58'549, which triggered the doji above mentioned. Nevertheless, looking at the technical indicator at the bottom of the chart we can see that, in the past, and this 4 times, when the indicator cross under, (blue line under the red line), a significant trend reversal occured... Will history repeat hitself ? Therefore, I would strongly suggest to closely monitor this indicator on a Daily basis. RISING WEDGE BREAKOUT IMPLICATION : PLUS / MINUS 7'400 POINTS (CURRENTLY) UPSIDE : BREAKOUT @ 61'066 (also 78.6 % Fib ret) - Target : 68'466 DOWNSIDE : BREAKOUT @ 57'150 - Target : 49'750 Levels to watch on D1 basis, are the following : R1 : 58'549 (former high) R2 : 60'000 (psychological and round number level) R3 : 61'066 S1 : 56'000 (Cluster MBB & KJ) S2 : 52'776 (TS) S3 : 52'400 (Bottom of the clouds) Watch H4 for clues Ironman8848