Critical to close above the line and not "falsed" break out
At downtrending MA50 now, would like to retest the line first to add
Violation of the down trending line that kept the severe downtrend and a weekly swing at kumo in the blurry area between 50 & 618 fib. Possible animal in sight, maybe will reverse at 382 fib, 0786 or oven reach 0886 and beyond. Too early to tell what kind of animal might be, if any, and above all is just one scenario out of many that mr market has in its...
Possible C&H, falling wedge at former demand zone
Maybe little overextended in the daily
Rejected at 2.618 fib from 2009 lows, losing weekly MA10 now
Couple of fibs little higher, channel's resistance and maybe will have the chance to jump on this jumbo. Cheers, panos