Meeting major resistance - retracement to 11200
Welcome to my first post,
on the weekly we have a major bull flag. Monthly indicators show up. Long term bullish.
Backside to the current situation:
- major resistance as seen in the image
- medium sized retracement overdue
- down crawling value not bought up as aggressivly as needed to reverse the current short term retracement
- daily close under 11200 will lead to further downtrend
Nice evening all together
on the weekly we have a major bull flag. Monthly indicators show up. Long term bullish.
Backside to the current situation:
- major resistance as seen in the image
- medium sized retracement overdue
- down crawling value not bought up as aggressivly as needed to reverse the current short term retracement
- daily close under 11200 will lead to further downtrend
Nice evening all together