The recent breakout signals that we found support on the 3600 zone.
I'm thinking that we will have 5 waves up now, Forming the Inv Head&Shoulders Pattern since 24 November.
The volume is declining, which is what we want to see in tge pattern on right shoulder. So far the bottoming formation is encouraging that at least local bottom is in, and possibly the bottom as well.
Entry's: laddering in the green boxes and re-buying after support on wave 2 and 4.
Target: 5600 range but laddering the profits as well.
I'm thinking that we will have 5 waves up now, Forming the Inv Head&Shoulders Pattern since 24 November.
The volume is declining, which is what we want to see in tge pattern on right shoulder. So far the bottoming formation is encouraging that at least local bottom is in, and possibly the bottom as well.
Entry's: laddering in the green boxes and re-buying after support on wave 2 and 4.
Target: 5600 range but laddering the profits as well.