We have defined the first trend line of this bearish trend in the short term. The correction is the most important from last 3 months so we have to respect this trend until it will be broken.
The MACD is also bearish. So it is a Risky situacion .
The Volatility is not high so rigth now it seems a correction in the long uptrend.
Anyway we need a confirmation of the uptrend but as we expect long trend is still alive we could take long position in the correction but taking car downtrend correction doesn´t go more that 200 points.
The MACD is also bearish. So it is a Risky situacion .
The Volatility is not high so rigth now it seems a correction in the long uptrend.
Anyway we need a confirmation of the uptrend but as we expect long trend is still alive we could take long position in the correction but taking car downtrend correction doesn´t go more that 200 points.