We currently are testing the previous breakout zone.
Can we reach within the former downward trend channel (green)? If yes, chances are in the favour of making new highs and continuing the upward trend which started in Dezember.
Only if we fall back on the Daily Chart below 475 resp. 430 the situation has to be reevaluated.
Big Picture:
https://www.tradingview.com/chart/zfMPm7hW/
Can we reach within the former downward trend channel (green)? If yes, chances are in the favour of making new highs and continuing the upward trend which started in Dezember.
Only if we fall back on the Daily Chart below 475 resp. 430 the situation has to be reevaluated.
Big Picture:
https://www.tradingview.com/chart/zfMPm7hW/
