We see a huge candle with a high which indicates a reversal. This formed at 50% fibonacci level --> Bounce off this .
Additionaly we broke thru the down of the . This gives us also a signal to go long.
stopped going down and shows us a consolidation. DMI shows gives us the same signal.
If we break thru the neckline on 30min Chart at 8900 we should expect a continuation of the uptrend for short term which will tell us if the up trend on 4h has enough power to go further.
Here the 30min Chart:
If the this 30min candle closes above 8900 we're up again!
Almost did it, but we're still on!
Can we break it?