motleifaul

The break below the MA has proved to be unsustainable. So I consider it as a false on.

After the spike above the MA we had opened a window which has been closed soon however. Now that we fell back below the MA as well we may consider the spike up as a false one.

The little retracement within a downtrend may be disregarded. Thus the decline may continue. Tight stop.

We fell below the broadening formation. It may be seen as a renewed attempt to decline further. A tighter stop is wise.

After the fall below the MA we may see some more potential for a further decline. The stop has to be tight, however.

At the 5th February top the retracement of the rise had begun. It looks like to be finished and the rise may continue to test the previous high first.

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.

...in an uptrend, the more after a correction of the rise since end of December.

...then it will have to fall. I had close the long position to avoid losses and it was well done. Now we fell below the hourly MA and may likely decline further.

The trend is up. And we are facing a retracement level with signs of a deminishing corrective momentum and at the former dip down on Friday. A contiunuation of the trend is thus likely.

We have more than retraced the rise from 1.12895. Thus we should test the resistances below now.

... of the upward channel.

The rise from 186.10 as been retraced 38 %. This means that in case of an intact rising trend the fund may rise again now.

We've corrected the January rise for almost 50% and have reached the rising trendline. A renewed attempt to rise may be expected.

Since the steep fall at the beginning of the year we are in an upward trend that has formed a fine trend channel now. I suppose that we may follow it further for a while.

Having retraced the long rise since December 4th the impressing fall yesterday signals that the trend down is continuing and we saw a healthy correction of it.

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.