We have here the current bearish trendline, the fib levels for the 6 month run. As you can see the bullish channel is no longer in effect, and we are in a bear market, noted by the downward trendline. Today's surprise EEA3 news produced a news shockwave, on top of a recovery, causing massive buying pressure.
We shall see if one of these candles can break this trend. Otherwise keep caution, its a wild market right now.
We shall see if one of these candles can break this trend. Otherwise keep caution, its a wild market right now.
Trade closed: target reached:
Trade closed on the bearish trendline for a 50% retracement.