Current market parameters (RSI, MACD, PSAR, BB and Stoch) and price position suggest that we are on an uptrend. However the immediate trend line remains a significant resistance to be broken before we gave confirmation. There apparently is enough volume and bullishness to propel the market into a confirmed uptrend, we should see a kumo breakout on Ichimoku.
Major resistance await the market at 9100 and 12500 and market parameters will determine if we make or break at these prices.
Major resistance await the market at 9100 and 12500 and market parameters will determine if we make or break at these prices.