After having reached a high of 41'050, a pullback took place towards a low of 39'312 and above
the clouds support area.
A triangle formation is in progress and a breakout will implicate a move of 1'738 points targeting
respectively :
On the upside : 42'518
On the downside : 38'370
Interesting to note that the downside target coincides exactly with the clouds bottom support
Watch carefully price action ove the coming hours
Globally on medium term picture (weekly) the key pivot level is @ 43'380 and only a sustainable
move above this level would definitively force to a view reassessment of the still expected bearish
scenario.
Have a nice trading day
ALL THE BEST AND TAKE CARE
Ironman8848
the clouds support area.
A triangle formation is in progress and a breakout will implicate a move of 1'738 points targeting
respectively :
On the upside : 42'518
On the downside : 38'370
Interesting to note that the downside target coincides exactly with the clouds bottom support
Watch carefully price action ove the coming hours
Globally on medium term picture (weekly) the key pivot level is @ 43'380 and only a sustainable
move above this level would definitively force to a view reassessment of the still expected bearish
scenario.
Have a nice trading day
ALL THE BEST AND TAKE CARE
Ironman8848
