We retraced to 0.382 of the previous bull move, have been making higher highs and higher lows, broke through two bearish trendlines , and just bounced off of a bullish trendline and the 0.5 retracement showing solid support. First target is 340 where I expect some resistance, followed by 450 where I think we will see a pullback to retest the previous high at 420 and possibly more highs from there if we can break the 477 ATH.
Trade closed manually:
Trendline Broken, we can expect some bearish momentum now.
Comment:
We will most likely retest the breakout of the small triangle at 300 and then fall to the 255 area.