Pivot: 4405.00
Our preference:
short positions below 4405.00 with targets at 4270.00 & 4219.00 in extension.
Alternative scenario:
above 4405.00 look for further upside with 4430.00 & 4457.00 as targets.
Comment:
as long as the resistance at 4405.00 is not surpassed, the risk of the break below 4270.00 remains high.
Our preference:
short positions below 4405.00 with targets at 4270.00 & 4219.00 in extension.
Alternative scenario:
above 4405.00 look for further upside with 4430.00 & 4457.00 as targets.
Comment:
as long as the resistance at 4405.00 is not surpassed, the risk of the break below 4270.00 remains high.