We reached the former top of the previous trading range wich is at once the 50 % retracement of the rise since February. This has been reached the second time now. In my opinion a new trading range is building. This means that we shall rise now to test the new top of this range.
Trade closed: stop reached:
We are still in a corrective phase and it is not excludet to re-open this position, but to avoid further loss it is stopped out for this time.