H1 : Intraday picture pretty clear.
Indeed, currently trying to recover above the ongoing downtrend line resistance
BULLISH SCENARIO :
An upside breakout success of this level would be the first step of a neutralisation
of the current bearish price acton. A confirmation of this short term trend reversal will only be given by a
breakout of the Mid Bollinger Band which is currently @ 59146 !
BEARISH SCENARIO :
A failure to achieve what has been said above, would trigger first of all a move down towards the 54500 area ahead
of the former low @ 51541; below the sentiment would become very bearish !
Watch M15 update which will follow soon
Indeed, currently trying to recover above the ongoing downtrend line resistance
BULLISH SCENARIO :
An upside breakout success of this level would be the first step of a neutralisation
of the current bearish price acton. A confirmation of this short term trend reversal will only be given by a
breakout of the Mid Bollinger Band which is currently @ 59146 !
BEARISH SCENARIO :
A failure to achieve what has been said above, would trigger first of all a move down towards the 54500 area ahead
of the former low @ 51541; below the sentiment would become very bearish !
Watch M15 update which will follow soon
