Daily: and Slow turning , and the secunder downtrend is breaking. From here we have increasing chance for a correction with possible tgts at 79 and 82,50.
4 Hrs: We had the expected lower low and Price tested the Kumo and 100 . This small move caused buy signals in indicators and DMI, Price broke the downtrendline, but the upper resistance still holds. Now if we believe a counter trend action may take place, we can follow two buy strategies. Place limit buy at 75 - 75,25 retracement level (as Slow is overbought, we may see one more small dip before the reversal), or stop buy at the break 76,50
Stop loss at 73,90.