After two months of Bullish activity, price has just broke out of the major down trend line that has been in place since the correction started back in January. I expect price to use the back side of the trend line for a bounce back into a bull run up to at least 4600.00 Price is almost at the 0.618 Fib retracement. Either this is a breakout with the continuation back to 4600 or it is a false break reversal and will sell off back down to 3600. Will have to monitor price but at the moment I will keep bullish as I have been since the start of July.
评论:
This looks like a back testing of the broken trendline for a bullish move back up