We have fallen below the rising banner. What has looked like a confirmation of the bullish sentiment has been cancelled now. I expect a moderate decline from here to find out whether we have stepped into a broader consolidation range or if this is the beginning of a new bears' market.
עסקה סגורה: הגיע לסטופ
עסקה פעילה
I am long now as we are back in the upward channel.
עסקה סגורה: היעד הושג
The target of the intermediary long position has been reached. Profit is taken now.
עסקה פעילה
The original position is short now again. We are close to the bottom of the former rising channel again and I expect another test of the downside to see whether this will be a new sideward range or a broader downward correction. I assume the later.
עסקה סגורה: הגיע לסטופ
Support and ResistanceTrend Analysis

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