Downtrend

We are in a strong downtrend. The steep fall since November has been corrected. This has resulted in anew trading range on the top of which we are now. That's why we are behaving undecisive now.
If we won't be able to break out for a bigger upward correction I epect another test of the low side of the range and possibly an continuation of the downtrend.
A fall below the November low would result in substantial losses.

Trade closed: target reached