It seems that the downward channel has been broken and that the market is ready to start a upward channel. If the market reaches our entry it will serve as confirmation that the market has bottomed. We will take half profit at 2599 and move stop-loss to entry. If there is a change in trend we will re-asses.
Comment:
Our long got triggered yesterday. The strong momentum of the move higher has surprised me a bit and if this continues we will look to close only a small part of our position at P1 and let the rest of our trade run with the trend.