A price action above 400 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Testing its 200-week simple moving average. Crossing above this level will classify the long-term trend as bullish.
Targetting 440 - which is the 50% Fibonacci retracement level.
A scenario of walking the Bollinger Bands might occur.
Crossing below this level will negate the bullish stance.
Testing its 200-week simple moving average. Crossing above this level will classify the long-term trend as bullish.
Targetting 440 - which is the 50% Fibonacci retracement level.
A scenario of walking the Bollinger Bands might occur.