Hello Traders,
after a short and corrective setback, N50 advanced to new high’s during the past sessions.
It has established a new buy-signal after advancing above 12963 and gaped to the upside. May a setback to the mentioned area possible, the mid-term forecast is to the upside with new high’s to come.
The target area I called out before is valid and is at 13399.50, where it would be a 1.382 Fib-Extension. More bullish potential exist.
A decline below the range from 12749-12730 on a daily closing would probably open the door to lower price n the coming 2-3 days or so.
The upside trend is valid and I favor the upside for N50.
Have a great week.....
Ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!
after a short and corrective setback, N50 advanced to new high’s during the past sessions.
It has established a new buy-signal after advancing above 12963 and gaped to the upside. May a setback to the mentioned area possible, the mid-term forecast is to the upside with new high’s to come.
The target area I called out before is valid and is at 13399.50, where it would be a 1.382 Fib-Extension. More bullish potential exist.
A decline below the range from 12749-12730 on a daily closing would probably open the door to lower price n the coming 2-3 days or so.
The upside trend is valid and I favor the upside for N50.
Have a great week.....
Ruebennase
Feel free to ask or comment.
Trading this analysis is at your own risk!