Hi everyone,
The target of the inverted SHS pattern around 9050 has been reached , what now?
Cooling is necessary to be able to rise further!
See that the RSI suggests top formation as well as DMI indicator.
The previously broken (blue) resistance line must be tested successfully.
Support points on MA20: 8200
MA50: 7750
If a higher bottom can be set, I expect more upside potential after the breakthrough at 9100 and a new target at 10500! (see drawing further course)
Regards,
TT
The target of the inverted SHS pattern around 9050 has been reached , what now?
Cooling is necessary to be able to rise further!
See that the RSI suggests top formation as well as DMI indicator.
The previously broken (blue) resistance line must be tested successfully.
Support points on MA20: 8200
MA50: 7750
If a higher bottom can be set, I expect more upside potential after the breakthrough at 9100 and a new target at 10500! (see drawing further course)
Regards,
TT