(Click at the picture to enlarge)After more og less a full month in no-mans land we are back to test the support line from mid-February, if this line breaks to the downside we will see a quick move down to at least 57.
The Support line is currently around the 68.45 level, so this is a make it or break it situation! I do favor that the support line will be broken, but time will show.
I still think the last move up to 75 is a mess and very difficulte count as anything else than a wird looking endeing diagonal.
We can see a possible Shoulder/Head/Shoulder top formation, with two left and two right shoulders. The trigger for this formation will be a break below 67.05 and confirmed by a break below 65.23.
No comments:
Post a Comment