Since christmas we are in a long trend. Apparently a continuation pattern is taking shape with a Flag.
The best idea is to wait the break through of the Resistance line and to buy when the market will retest this blue line, i think that it could happen in 0ne or two weeks time (during the NEXT FED RATE DECISION for instance..)
Meanwhile, i think we can make some little profit playing the fibo retracement. Like the 61.8 % LEVEL. Don't forget your stop loss .
I still consider we are in a long trend till 1216 is not break
Have excellent trade. Organone
The best idea is to wait the break through of the Resistance line and to buy when the market will retest this blue line, i think that it could happen in 0ne or two weeks time (during the NEXT FED RATE DECISION for instance..)
Meanwhile, i think we can make some little profit playing the fibo retracement. Like the 61.8 % LEVEL. Don't forget your stop loss .
I still consider we are in a long trend till 1216 is not break
Have excellent trade. Organone