We set a new Higher Low which leads me to believe that my previous published chart comment about the inverse head and shoulder might actually be wrong. If we break 12k and have a candle close above that range then I'll change my short term outlook from bearish to bullish. Until then we're still in what I call a no trade zone between 10.5k and 12k. Breaking either of these numbers and closing afterwards would be a clear directional change to me.
MACD, RSI & TEMA are bullish at the moment
Target to the Upside 14.2k
Targets to the down side 8.5k to 7.2k
MACD, RSI & TEMA are bullish at the moment
Target to the Upside 14.2k
Targets to the down side 8.5k to 7.2k
Trade active:
IH&S played out perfectly. Upside target is unchanged.