Context:
the current down move looks like the selling pressure is rather weak
and therefore this looks more like a corrective move ,
however this move could lead us till the demandline of the upchannel
arround @5555ish , the sooner the bulls step up the stronger the market has to
be judged and a further test of the recent highs @ 5800 wil be tthe effect.
signs of strenght:
uptrend
minor support
signs of weakness:
broken demandline
double top
the current down move looks like the selling pressure is rather weak
and therefore this looks more like a corrective move ,
however this move could lead us till the demandline of the upchannel
arround @5555ish , the sooner the bulls step up the stronger the market has to
be judged and a further test of the recent highs @ 5800 wil be tthe effect.
signs of strenght:
uptrend
minor support
signs of weakness:
broken demandline
double top