Outbreak
Updated
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.
Trade closed: stop reached
Trade active
I am long now as we are back in the upward channel.Trade closed: target reached
The target of the intermediary long position has been reached. Profit is taken now.Trade active
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.Trade closed: stop reached
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