On a weekly log chart the downtrend line is still ahead

21 באפר׳ 2018

The fight for the breakout seems to be not over yet as on a weekly chart the price barely touched the downtrend line. It may need to close the week firmly above 8900 and considering last week volume is pretty low next wee should bring some more fight and more volume to bring more clarity

23 באפר׳ 2018

הערה

so on a weekly the downtrend line has been crossed horizontally with the start of a new week. Now depending on the time and timeframe it may need some retrace to 8500 or even 8150 to confirm the breakuot (unless the bulls will show strength to push toward 10k area)