SECOND LEG UP TO THE UPPER CHANNEL
WE HOPE A GOOD GAP TO PASS THE 13.400 ZONE, AND RUN TO THE UPPER LEVEL MAKING NEW HIGHS. THE 12.800 WORKED LAST WEEK AS A 3 TOUCH CHANNEL DOWN WITH LONG BREAKOUT PROJECTION.
IF THE NEW MAX FAILS, THE 12.800 SUPPORT WILL DIE, WITH THE FIRST TARGET ON 12600, AND 12.200
Since 2016 we are in a Bull trend. Now we are in the middle of a range of distribution, so we have to wait to the final show (fireworks) with volatility raising, new max and happy news.
In the short time, yesterday was a lose oportunity to falldown into the lower zone channel, a rejection with big volume in 12800 (a relevant block of 149 sell marketorders in the ...