Reasons:
1. Moving average was tested and respected.
2. Higher lows are printing out.
3. FIbo level of 61.8% was hit. Aiming for -27.2%
4. Area of resistance (blue rectangle) was breached.
5. Consolidating in D1 for about 2 months. It's time for some big movements.
6. Break of resistance would leave to further target, 1392 or even more! Get ready for buy stops!
1. Moving average was tested and respected.
2. Higher lows are printing out.
3. FIbo level of 61.8% was hit. Aiming for -27.2%
4. Area of resistance (blue rectangle) was breached.
5. Consolidating in D1 for about 2 months. It's time for some big movements.
6. Break of resistance would leave to further target, 1392 or even more! Get ready for buy stops!
Order cancelled:
Breakout of the daily trendline. Resistance still holding. Further downside is expected