We are currently in a pennant formation.
For a positiv breakout we have a target of around 22k, but caution the All Time High will provide a strong Ressistance.
Also we are currently right below a strong ressistance zone.
A negativ break out can lead down to the area from the end of november drop.
Without reaction we can go either on a contination of the consilidation phase we are in...
either with a slightly down trend or testing the levels from 18.5k to 16.6k
For a positiv breakout we have a target of around 22k, but caution the All Time High will provide a strong Ressistance.
Also we are currently right below a strong ressistance zone.
A negativ break out can lead down to the area from the end of november drop.
Without reaction we can go either on a contination of the consilidation phase we are in...
either with a slightly down trend or testing the levels from 18.5k to 16.6k