We reached the 2 times tested support @ 117 again after losing the fight against the resistance at 117,9 (my so callesd risky long trigger). We fell back down into the conolidating downtrendchanel.
Trading between 117-117,9 seems to be neutral -herein no action is needed.
Interesting entry-niveaus are the edges of this level.
Below 117 u should expsect a further drop down to 116,6/116.
Breaking the 116.5 could be fatal because the illustrrated uptrend would be k.o. This level round about 116.5 could be an interesting entrylevel for risk loving anticyclical investors...hre is based the uptrendline.
Trading below 116 means aiming 114,5/115.
Trading above 117,9 is bullish, above 118,2 more bullish and above 118,6 strong bullish :-)
Trading between 117-117,9 seems to be neutral -herein no action is needed.
Interesting entry-niveaus are the edges of this level.
Below 117 u should expsect a further drop down to 116,6/116.
Breaking the 116.5 could be fatal because the illustrrated uptrend would be k.o. This level round about 116.5 could be an interesting entrylevel for risk loving anticyclical investors...hre is based the uptrendline.
Trading below 116 means aiming 114,5/115.
Trading above 117,9 is bullish, above 118,2 more bullish and above 118,6 strong bullish :-)
Note
rsi oversold now..is it time for a llittle rebound? 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.