bearish view confirmed

20 Eki 2015

in this timeframe, a small head & shoulders has appeared & confirm that price could make a beautiful bearish movement untill my previous target. that's possible price make a wide pullback on the neckline, near of my "energy point", but i don't think so. according to the momentum indicators and the two "long term moving average", i think that the pullbakc is soon ended. head projection put the price at the Andrew's pitchfork median line level (median line is touched in 80% of case). but, we should take care of the 50% & the 61.8µ fibonacci retracement of previous wave.

note : that's only a technical analysis, i've not watched the economic news of the next hours & days

20 Eki 2015

Not

oups.....
i forgot to say that there's an obvious support at 4660, & that price is actually testing it