If the price breaks above the , we'll get a signal confirming the continuation of the main uptrend. The breakout above the downtrend line will give us a new buy signal. The profit targets should be at 1250.00 and 1400.00 resistance levels. This upward movement can be used for getting profit mainly based on buy signals from lower time frames. As for the , we had to open long positions not far from SMA100, and the breakout signal should be used only for adding additional to the previous opened trades.
Signals from indicators: lines support the upward movement. DMI is but line falls. It tells us that the bears are not so strong as before. The upward movement with the breakout above the is possible, but before it we should be ready to see short term retracement from the resistance to SMA100 and 800.00 .
Absolutely, what's wrong? lol