Interesting test of March highs while DMI is signaling a potential bullish pressure is
yet to be ended, we expect here some volatility due to profit takings of shorter term traders, however until the middle of the range is below prices we could wait for a weekly close above the resistance in order to trigger our longs over a bullish breakout momentum strategy.
Not likely a start of a major impulse, but we will see. Fractally looking to move up on this one.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere...
