As seen yesterday, we anticipated a rebounce around a price of 1413. The ABC wave we drew looked like it was more of a ABCDE and the red support we had on yesterday chart acted like a charme to prevent the prices to fall further. The 4th wave might not be over and we will wait for the bullish flag to be broken at 1417-1418 to give us a bit more of confidence in it...
Again yet another bearish pennant with contraction of volume
Not a perfect one as it touched the upper part only twice
The target is close to the low BB and should have more volume. The level of 1400 should still hold if volumes do not follow.
A SL should be set at 1407 if traded; and TP 1400.