The Long/midterm momentum is still bearish.
There is a still open gap which can be seen as a resistance Zone.
Will ENDP dive through that gap, the finishing of a calssical Double Bottom can be started. That means concretely:
Prices above 18.25$ can indicate a longsignal with TP = 26$
Prices below 13.3$ will accellerate the bearish momentum, here i exspect a fast selloff move. (procyclical trade)
Anticyclical shortpositions can be opened at the gaps bottom edge for example - here could be the shortterm tp @ 13,2$
The Zone between 13-18.25 is neutral
There is a still open gap which can be seen as a resistance Zone.
Will ENDP dive through that gap, the finishing of a calssical Double Bottom can be started. That means concretely:
Prices above 18.25$ can indicate a longsignal with TP = 26$
Prices below 13.3$ will accellerate the bearish momentum, here i exspect a fast selloff move. (procyclical trade)
Anticyclical shortpositions can be opened at the gaps bottom edge for example - here could be the shortterm tp @ 13,2$
The Zone between 13-18.25 is neutral
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Comentarios:
gap nearly closed..watch the rsi!!
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