The long-term chart shows a very overbought situation, and this still requires a good correction.
As mentioned on a few occasions and misunderstood at times, it does not mean that we cannot see higher levels. In fact, if existing short, we add 15.50-15.75 and once again 16.75 and above. The ultimate goal and objective is 10.50-9.00. This may take quite some months, but this is a technical expectation.
No doubt fundamentals suggest we should see higher at first, and this one should see as an opportunity to sell.
As mentioned on a few occasions and misunderstood at times, it does not mean that we cannot see higher levels. In fact, if existing short, we add 15.50-15.75 and once again 16.75 and above. The ultimate goal and objective is 10.50-9.00. This may take quite some months, but this is a technical expectation.
No doubt fundamentals suggest we should see higher at first, and this one should see as an opportunity to sell.