Time for bulls?! Maybe!
Updated
A support line from May 2019 is tested but might have been a fake break.
0.618 Fib.Ret. has kept bears from going further.
Double bottom pattern at 1680. (agree or disagree?)
Scenarios:
-LONG: if bulls take the price to 1760 levels by the end of the week.
-SHORT: if bears wouldn't bear anymore stopping at 1680. (Breaking of 1700 might be the signal)
I would be happy to see your comments below about this analysis.
Thanks a lot.
0.618 Fib.Ret. has kept bears from going further.
Double bottom pattern at 1680. (agree or disagree?)
Scenarios:
-LONG: if bulls take the price to 1760 levels by the end of the week.
-SHORT: if bears wouldn't bear anymore stopping at 1680. (Breaking of 1700 might be the signal)
I would be happy to see your comments below about this analysis.
Thanks a lot.
Note
Breaking of 1720 might be SHORT signal too.
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