D1 : As expected and mentioned in my yesterday's post, a recovery took place, triggering an upside move towards an intraday high of 33'869
which roughly filled my first target of 33'915 (Kijun-Sen).
No change in my view, BEARISH STRATEGIC VIEW, and only a move above :
1) Kijun-Sen (KS) @ 33915
2) Tenkan-Sen (TS) @ 34247 (34407 being the 38.2 % Fib ret on H4 - 37874-28800)
3) Mid Bollinger Band (MBB) @ 36060
would neutralise the current downside risk and force to a view reassessment of my bearish expected scenario.
Watch development on H4, still on a corrective move, downtrend and below the clouds !
Watch H1 for entering in a tactical position countertrend in a very, very short term time horizon
Weekly closing tomorrow will give additional clue for next week.
which roughly filled my first target of 33'915 (Kijun-Sen).
No change in my view, BEARISH STRATEGIC VIEW, and only a move above :
1) Kijun-Sen (KS) @ 33915
2) Tenkan-Sen (TS) @ 34247 (34407 being the 38.2 % Fib ret on H4 - 37874-28800)
3) Mid Bollinger Band (MBB) @ 36060
would neutralise the current downside risk and force to a view reassessment of my bearish expected scenario.
Watch development on H4, still on a corrective move, downtrend and below the clouds !
Watch H1 for entering in a tactical position countertrend in a very, very short term time horizon
Weekly closing tomorrow will give additional clue for next week.