Hello Traders,
another week has gone and N50 has worked his way down to my lower targets.
Yet, it failed to break below 15582 area on a daily and weekly close; the candle on July 28 was a „hammer-candle“, a bullish reversal match!
Since the high on June 15, N50 has moved sideways, what look like a „pause“ in an uptrend!
As before, it needs a break on the upside above the 15962 area to establish a new wave of buying pressure.
A decline to 15610-16520 area would open the door to 15513-15450 and below to 14900 area.
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
another week has gone and N50 has worked his way down to my lower targets.
Yet, it failed to break below 15582 area on a daily and weekly close; the candle on July 28 was a „hammer-candle“, a bullish reversal match!
Since the high on June 15, N50 has moved sideways, what look like a „pause“ in an uptrend!
As before, it needs a break on the upside above the 15962 area to establish a new wave of buying pressure.
A decline to 15610-16520 area would open the door to 15513-15450 and below to 14900 area.
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!