We are below the rising since the beginning of the year channel. This is important the more that at the same time we are also holding below a level which had been the bottom since January 22nd and the top at January 14th.
I had been stopped out with the short position. But there has been no followthrough of this movement. Perhaps the stop was to tight.
The 2 green candles have just been sufficient to fulfil the due retracement of the rise since February 7th. This is rather a confirmation of the downtrend that had been started on January 25th.
With a low of 125.1 the retracement of the rise since end of December could not be completed. This I consider as a sign of an intact momentum to rise.
As we see higher highs and lows meanwhile and a rising Vortex Indicator I feel confirmed.